"We've been in the public arena and part of the New York Stock Exchange for just over four years now. But recently, we were approached by NYSE as they were launching the NYSE Texas platform. With us being headquartered in the state of Texas, we saw an opportunity to further align ourselves with the New York Stock Exchange and broaden our investor access."
"Where we see the opportunity with NYSE Texas is that, in a lot of ways, the investors that exchange and work through and operate on the NYSE Texas platform are a slightly different investor group than what you see on the primary NYSE platform and NYSE exchange. So, because of that, we saw it as an opportunity to broaden the access and the awareness of Finance of America."
Finance of America chose a dual listing on NYSE Texas after engagement from NYSE and because the company is headquartered in Texas. The dual listing aims to align the company with NYSE while broadening investor access and awareness among a potentially different investor group active on the NYSE Texas platform. The company expects the move to reintroduce Finance of America to new investors and provide an additional access point for outreach. Founding member status carried no obligations and included participation in the NYSE Texas launch event, helping to strengthen the relationship with NYSE and acknowledge the company’s Texas roots.
Read at www.housingwire.com
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