NYSE Group President Lynn Martin talks about the newly formed Skydance Corp. making its trading debut on the exchange. She also talks about attracting new companies, the IPO market and competing for listings in Texas. She speaks on "Bloomberg Open Interest."
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What Lynn Martin said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Lynn Martin, President of NYSE Group, discussed the NYSE's recent wins and competitive position. She welcomed Skydance's debut, calling it the biggest studio acquisition merger of all time. Martin cited $500 billion in market cap added to the exchange this year and noted three companies voluntarily left a competitor's index to join NYSE. She attributed these wins to the NYSE's curated platform, services, and market model developed over 234 years. Regarding IPOs, Martin said macro conditions, including September's interest rate cut, are impacting valuations, not market openness. She addressed competition from TXSE, highlighting NYSE Texas's launch, 130 dual-listed companies, and the exchange's resilience during volatility. Martin defended NYSE's listing standards, emphasizing responsible innovation and support for regulatory changes like semiannual reporting, while declining to comment on specific IPO candidates.
Key takeaways
NYSE added $500 billion in market cap so far this year through IPOs and transfers.
Three companies voluntarily left a competitor's index to join NYSE.
NYSE Texas has 130 dual-listed companies and is open for primary raises.
Recent IPO delays stem from macro conditions and valuations, not market closure.
NYSE supports SEC Chair Atkins' regulation, including semiannual reporting.
1:03Should we be expecting any other large cap companies to be making their way to the New York Stock Exchange?
1:50What convinces them to move to the New York Stock Exchange?
2:44Is the New York Stock Exchange still in the conversation with them?
3:40CBC backed Bamboo, Holtec Nuclear, both of those on the same day citing market conditions. Lynn, has something changed?
5:18What is the plan to make sure that those are just two isolated cases and it's not the start of Texas companies abandoning your offering in order to go to this new competitor?
7:11And I wonder how you view that with your Texas rival because part of TXSE's basically pitch to companies is we have a less burdened alternative, less regulatory, maybe lower compliance kind of pitch. Does that concern you, Lynn?
8:12Are you maybe missing a moment where your competitors are moving one direction and you're moving the opposite?
A big win for the New York Stock Exchange with a newly formed Skydance making its debut on the exchange. You can see the company's top executives there, David Ellison among others, ringing the opening bell just an hour ago alongside Lynn Martin. And pleased to say that joining us now from the trading floor is Lynn Martin, president of the NYSE Group. Lynn, thank you so much for joining us. And as I mentioned, a big win, the biggest merger in Hollywood history now on the New York Stock Exchange. What did it take to win them over?
Well, thanks for having me on today. It's always great to be with you guys, and it's an absolute honor to welcome Skydance to our platform. As you say, it is one of the biggest media acquisitions mergers of all time, and certainly from a studio perspective, the biggest. It's been an absolute honor to work with David, who's a tremendous human, in addition to being a wonderful executive. And, of course, we're thrilled to welcome Inan to the exchange as well.
So, Lynn, this is just one in a recent string of companies coming over the New York Stock Exchange, AstraZeneca, Kraft Heinz among the recent ones. Are there any other conversations? Should we be expecting any other large cap companies to be making their way to the New York Stock Exchange?
Well, we're always open for business. So... And accepting applications, both IPOs and transfers. But to your point, we've welcomed about $500,000,000,000 in market cap to the exchange so far this year. In fact, three companies have left an index that is run by our competitor, voluntarily and made the decision that NYSE was the better platform for a variety of reasons.
Lynn, can you just get into that? Because that is a big undertaking to... I'll say the name so you don't have to, to leave the Nasdaq, to leave that index. What does it take to win them over? What convinces them to move to the New York Stock Exchange?
So it's a variety of options, and it's really down to the platform that we've deliberately curated. It's our services that we offer, both consultative as well as, you know, helping them blow out their experience from a marketing and communications perspective. But then importantly, it's also the market model and the community that you wanna be aligned with. On the market model side, that's something we've deliberately curated over two hundred thirty four years. It is something that has withstood significant periods of volatility, and companies value that.
Of course, you know, the Nasdaq would argue for a lot of reasons why they would be the home. And I think, Lynn, there's this question for these mega IPOs. It's one that you are used to. They managed to win over SpaceX, and I wonder how you're thinking about the Anthropic IPO. Is the New York Stock Exchange still in the conversation with them?
Well, I can't really comment on any specific IPO. You know, we talk to companies throughout their life cycle from series A, even sometimes from stealth, all the way through to IPO. It's one of the privileges I have in my job. I meet the most amazing humans, these founders, these innovators who are really changing our lives for the better, by the way, improving the way we work, improving the way we operate our personal lives, and looking to really make a difference for the betterment of the world.
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Martin, L. (2026, October 8). NYSE's Lynn Martin on Skydance Debut, IPO Market, Competing in Texas [Interview transcript]. Bloomberg Television. CEOInterviews.AI. https://ceointerviews.ai/interview/3009586/
MLA
Lynn Martin. "NYSE's Lynn Martin on Skydance Debut, IPO Market, Competing in Texas." Bloomberg Television, 8 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3009586/.
BibTeX
@misc{martin2026_3009586,
author = {Lynn Martin},
title = {NYSE's Lynn Martin on Skydance Debut, IPO Market, Competing in Texas},
howpublished = {Interview transcript, Bloomberg Television. CEOInterviews.AI},
year = {2026},
month = {oct},
url = {https://ceointerviews.ai/interview/3009586/},
note = {Speaker-attributed transcript with timestamps}
}
