2024-06-07 -
AGBA (Asia) Capital observed that there is a new exchange movement in the US stock market recently: the Texas Exchange is planning to build. It remains to be seen whether it will get up and running smoothly. The 34-year-old Fujian youth draws on the advanced experience of China and Asia, and founded the two-wheel electric vehicle Fly-E company in the United States to list on NASDAQ recently, aiming at the two-round economic opportunities under the trend of carbon neutrality and taking the lead in listing. Welcome to read about:
The Texas TXSE exchange is about to launch
A group backed by BlackRock and Citadel Securities is planning to open a new stock exchange in the US state of Texas, the Wall Street Journal reported. The exchange, which has raised about $120 million from individuals and large investment firms, plans to file registration documents with the U.S. Securities and Exchange Commission later this year.
Texas Stock Exchange (TXSE) CEO James Lee said the Dallas-based group, which has raised $120 million with the backing of more than two dozen investors, plans to file registration documents with the U.S. Securities and Exchange Commission later this year. The exchange aims to start trading in 2025 and make its first listing in 2026.
"Texas'' booming economy and the strong economic and population growth of states in the Southeastern U.S. present incredible opportunities for businesses and, ultimately, for the Texas Stock Exchange," James Lee said on LinkedIn.
Under the two rounds of economy, Fujian youth set up companies in the United States and went public
Fly-E Group Inc., an electric bicycle seller based in New York, USA, made a successful initial public offering in Nasdaq stock trading on Thursday, June 6, 2024, under the ticker symbol "FLYE." The company expects to raise $9 million by issuing 2,250,000 common shares at a price of $4.00 per share. Founded in New York in 2018, Fly-E Group designs, installs and sells smart electric motorcycles, electric bicycles, electric scooters and related accessories under the brand "Fly E-Bike".
Andy Ou, founder, Chairman and CEO of the Fly-E Group, expressed optimism about the development prospects of the electric two-wheeler industry. "As the world moves towards carbon peaking and carbon neutrality, lithium battery vehicles have become an irreversible trend. With the progress of economy and technology, the cost of lithium batteries will gradually decline, which will make lithium battery vehicles more acceptable to consumers. In the next 10 to 20 years, lithium battery technology will become more mature and efficient, and the penetration rate of electric two-wheelers will increase significantly."
Founder Andy Ou, from Fuzhou Changle, Fujian, came to the United States in 2011 with the American dream and started from basic jobs. In 2018, he was keenly aware of the strong demand for electric two-wheelers in the New York market, learned from the market development experience of China and Asian countries, was optimistic about market development, founded Fly-E, and completed the NASDAQ listing in 2024.
NANO, a nuclear start-up, is listed on Nasdaq
According to reports, the emerging Nuclear Energy company NANO Nuclear Energy (referred to as "NANO", stock code "NNE") officially listed on the NASDAQ.
NANO was priced at $4 and sold 2,562,500 shares, raising a total of $10.25 million. NANO Nuclear Energy was founded by Jay Jiang Yu, who currently serves as Chairman and President of the company.
NANO Nuclear Energy is an early-stage nuclear energy company developing advanced portable clean energy solutions that are smaller, cheaper, and safer, leveraging proprietary reactor designs, intellectual property, and research methods. NANO is developing the ZEUS solid battery stack and the ODIN low pressure coolant stack. Its subsidiary, Advanced Fuel Transportation Inc., aims to establish a North American transportation company to supply commercial quantities of HALEU fuel to small modular reactors, microreactor companies and other customers. Its subsidiary HALEU Energy Fuel Inc is focused on the future development of domestic sources for HALEU fuel manufacturing pipelines.
The content of this article is written with reference to media news, SEC announcements and other public materials. The stock mentioned in the article is not used as an investment recommendation.