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It appears that if you get Delaware on board, you get the vast majority of corporations. 81% in 2024.
https://corp.delaware.gov/stats/Apparently, 81% of IPOs in 2024 incorporated in Delaware.
When I first read your comment, I thought yes, it would make blue states bluer and red states redder, and put purple states in jeopardy of becoming red. But because of Delaware, I don't think that would be true.
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