Texas is an IPO hotspot

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Texas is one of the country's heavy-hitters when it comes to initial public offerings, per recent SEC data.

The big picture: The state is a draw for corporate relocations and already has the most businesses posted on the New York Stock Exchange.

• The number of finance industry jobs in Texas increased more than 14% from 2023 to 2024.

State of investment: Y'all Street is looking to take over Wall Street.

• NYSE launched its Texas equities exchange this year in Dallas, and the upstart Texas Stock Exchange plans to start trading next year.

By the numbers: Texas had 14 companies place an IPO, which accounted for about 10% of the nation's total for 2024.

• California had 33 IPOs in 2024, nearly a quarter of the nationwide total, while New York had 26 (about 18% of the total).

How it works: The analysis is based on the location of each company's HQ at the time of its public offering.

• Some companies incorporate elsewhere — often Delaware — for tax and legal reasons.

Zoom in: Massimo Group, a Garland-based ATV manufacturer, went public last year.