Velocity Financial, Inc. announced the dual listing of its common stock on NYSE Texas, Inc., the newly launched fully electronic equities exchange headquartered in Dallas, Texas. The company will maintain its primary listing on the New York Stock Exchange (NYSE) and continue to trade under the same ticker symbol, 'VEL,' on both exchanges.
Chris Farrar, Velocity's Chief Executive Officer, stated that the company is pleased to join NYSE Texas as a Founding Member, strengthening its roots in the state. This move is intended to further support Texas business development.
The dual listing is a strategic step to enhance Velocity Financial's market presence and visibility, particularly within the Texas business community, while ensuring continuity for its existing investors.
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