Texas Pacific Land Corporation (NYSE: TPL) is set to anchor a new regional equities exchange, NYSE Texas, causing its stock to rise by 4% on the markets. The company will maintain its primary listing on the NYSE and join the electronic trading platform of NYSE Texas. CEO Tyler Glover highlighted the company’s strong ties to Texas, where it is the longest-listed and Texas-headquartered company on the NYSE. While this move may not affect the company’s fundamentals, it increases its visibility and potential for attracting new investors.

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Read more at Nasdaq: Why Texas Pacific Land Corporation Zoomed 4% Higher Today