1. HF Sinclair listed on NYSE Texas, alongside NYSE. 2. The company emphasizes support for Texas capital markets. 3. DINO trades under the same ticker on both exchanges. 4. HF Sinclair highlights its energy production and marketing capabilities. 5. The company is a leader in renewable diesel production.
The dual listing on NYSE Texas can increase liquidity and attract investor interest, similar to how other companies benefitted post dual listings, which typically results in a positive market response.
The dual listing indicates strategic growth and market presence, likely attracting institutional and retail investors, thus impacting stock price positively.
Initial investor enthusiasm around the new listing might boost the stock temporarily, analogous to past examples where dual listings generated immediate interest.
DALLAS--(BUSINESS WIRE)-- HF Sinclair Corporation (NYSE: DINO) (“HF Sinclair”) today announced the dual listing of its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas. HF Sinclair will maintain its primary listing on the New York Stock Exchange (NYSE) and continue to trade under the same ticker symbol, “DINO,” on the NYSE and NYSE Texas.
“We are pleased to join NYSE Texas as a Founding Member,” said HF Sinclair’s Chief Executive Officer, Tim Go. “This dual listing demonstrates our support for business-friendly principles and the growing capital markets infrastructure in the state of Texas.”
“As a leader in the energy industry based in Dallas, we’re honored to welcome HF Sinclair to our community of NYSE Texas Founding Members,” said Chris Taylor, Chief Development Officer, NYSE Group.
About HF Sinclair Corporation:
HF Sinclair Corporation, headquartered in Dallas, Texas, is an independent energy company that produces and markets high-value light products such as gasoline, diesel fuel, jet fuel, renewable diesel and lubricants and specialty products. HF Sinclair owns and operates refineries located in Kansas, Oklahoma, New Mexico, Wyoming, Washington and Utah. HF Sinclair provides petroleum product and crude oil transportation, terminalling, storage and throughput services to its refineries and the petroleum industry. HF Sinclair markets its refined products principally in the Southwest U.S., the Rocky Mountains extending into the Pacific Northwest and in other neighboring Plains states and supplies high-quality fuels to more than 1,600 branded stations and licenses the use of the Sinclair brand at more than 300 additional locations throughout the country. HF Sinclair produces renewable diesel at two of its facilities in Wyoming and also at its facility in Artesia, New Mexico. In addition, subsidiaries of HF Sinclair produce and market base oils and other specialized lubricants in the U.S., Canada and the Netherlands, and export products to more than 80 countries.