1. Forestar announced dual listing on NYSE Texas, enhancing visibility. 2. The company has over 26,000 lots in Texas, supporting housing demand. 3. Chairman emphasizes Texas's pro-growth policies fostering economic resilience.
The dual listing is expected to increase liquidity and investor interest, similar to past examples where companies benefited from exposure to new trading venues, such as Alibaba's dual listing boosting its global visibility and investment appeal.
The dual listing is significant as it enhances market presence and could attract new investors, which might impact stock price positively in the short run.
Initial investor excitement about the dual listing may cause immediate price movements, referencing similar instances where companies see short-term rallies following new listings.
ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. (NYSE: FOR) announced today the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. The Company will maintain its primary listing on the New York Stock Exchange and trade with the same “FOR” ticker symbol on NYSE Texas.
Donald J. Tomnitz, Chairman of the Board, said, “We are pleased to join the NYSE Texas as a Founding Member and promote the state that we have operated in for over 70 years. We believe Texas’s long-standing commitment to pro-growth, business-friendly policies fosters a resilient economy. With over 26,000 owned and controlled lots and 50 active communities in the State of Texas, we are committed to supporting the growing need for housing in the state.”
“As a key player in developing residential communities across Texas, Forestar is a natural addition to the NYSE Texas community,” said Chris Taylor, Chief Development Officer, NYSE Group.
About Forestar Group Inc.
Forestar Group Inc. is a residential lot development company with operations in 65 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 14,300 residential lots during the twelve-month period ended March 31, 2025. Forestar is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.