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WESTLAKE VILLAGE, Calif. - Velocity Financial, Inc. (NYSE:VEL), a $724 million market cap provider of investor real estate loans showing impressive 44% year-over-year revenue growth, announced on Wednesday its dual listing on NYSE Texas, Inc., a new fully electronic equities exchange based in Dallas.
The company will maintain its primary listing on the New York Stock Exchange while trading under the same VEL ticker symbol on both exchanges. Velocity, which has seen its shares surge 14% in the past week, joins NYSE Texas as a Founding Member.
"We are pleased to join the NYSE Texas as a Founding Member, strengthening our roots in the state and we are excited to further support Texas business development with this dual listing," said Chris Farrar, Velocity’s Chief Executive Officer.
Chris Taylor, Chief Development Officer at NYSE Group, stated that Velocity "is a great addition to the NYSE Texas community."
NYSE Texas is a recently launched electronic exchange headquartered in Dallas. Velocity Financial, based in Westlake Village, California, primarily originates and manages business purpose loans secured by 1-4 unit residential rental and small commercial properties nationwide.
The announcement was made in a company press release.
In other recent news, Velocity Financial reported impressive second-quarter results for 2025, exceeding both earnings and revenue expectations. The company posted earnings per share of $0.73, which was a notable 37.74% higher than the forecasted $0.53. These results highlight the company’s strong financial performance during this period. Despite the positive earnings report, the stock experienced a slight decline in aftermarket trading. This development comes amid various market dynamics influencing investor sentiment. Analysts and investors will likely continue to monitor Velocity Financial’s performance closely. The company’s ability to surpass projections may impact future analyst ratings. These recent developments underscore the importance of staying informed about company earnings and market reactions.
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