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PLANO, Texas - Finance of America Companies Inc. (NYSE:FOA), a provider of home equity-based financing solutions for retirement, announced Thursday it will dual list its common stock on NYSE Texas, the newly launched electronic equities exchange based in Dallas. The company, which has delivered an impressive 299% return over the past year according to InvestingPro data, currently maintains a market capitalization of approximately $320 million.
The company will maintain its primary listing on the New York Stock Exchange and continue trading under the FOA ticker symbol on both exchanges.
As a Texas-headquartered company, Finance of America joins as a Founding Member of NYSE Texas, which recently launched as a fully electronic equities exchange.
"We believe this dual listing will broaden investor access and awareness of our mission to educate more Americans on the value of home equity-based retirement solutions," said Graham Fleming, Chief Executive Officer of Finance of America, according to the press release.
Chris Taylor, Chief Development Officer of NYSE Group, stated that Finance of America is "a leader in home equity financing for Americans over 55," welcoming the company to the NYSE Texas Founding Members community.
Finance of America focuses on providing home equity-based financing solutions targeted at modern retirement needs. The company also offers capital markets and portfolio management capabilities primarily designed to optimize the distribution of its originated loans to investors.
The announcement comes as NYSE Texas establishes itself as a new trading venue in the U.S. equities market landscape. The company’s dual listing status is effective immediately, according to the statement released by Finance of America.
In other recent news, Finance of America Companies Inc. reported strong financial results for the second quarter of 2025. The company showcased significant growth in funded volume and net income. This positive performance was highlighted during the earnings call, where advancements in digital innovation and a strong competitive position in the reverse mortgage market were discussed. The company’s strategic initiatives appear to have contributed to these favorable outcomes. While the stock price movement was noted, the focus remained on the robust financial results. These developments reflect the company’s ongoing efforts to enhance its market presence and operational efficiency. Analysts and investors took particular interest in the company’s strategic direction and financial health. The recent earnings report has positioned Finance of America Companies Inc. as a company to watch in the coming quarters.
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