LGI Homes, Inc. (NASDAQ: LGIH) announced it has received approval to dually list its common stock on Nasdaq Texas, LLC, a new stock exchange headquartered in Dallas.

The company will maintain its primary listing on the Nasdaq Global Select Market while adding the dual listing on Nasdaq Texas under the same "LGIH" ticker symbol. According to the announcement, the dual listing will not affect investors' ability to buy or sell the company's stock.

Eric Lipar, Chairman and Chief Executive Officer of LGI Homes, said in a statement: "Dual listing on Nasdaq Texas reflects our deep commitment to this state, its communities, and the first-time homebuyers we serve every day."

Nasdaq Texas is described as a dual listing venue designed to serve companies with strong ties to Texas. LGI Homes is headquartered in The Woodlands, Texas, and was founded in 2003.

The information above is based on a press release issued by LGI Homes.