Crypto Asset Management Firm Galaxy Digital Announces Plans to Go Public on Nasdaq
Galaxy Digital, a prominent crypto asset management firm, has revealed its intentions to go public on the Nasdaq stock exchange. The company’s chief executive and founder, Mike Novogratz, shared the news on social media, stating that Galaxy Digital is aiming to debut on the Nasdaq on May 16th, pending shareholder approval.
“Excited to share that Galaxy plans to list on Nasdaq on May 16, pending shareholder approval on May 9. We believe this listing will position Galaxy to better serve investors across the digital asset and AI ecosystems and help unlock the next phase of our growth,” Novogratz tweeted.
According to a press release by Galaxy Digital, the company has established a public entity incorporated in Delaware to facilitate this move and is expected to trade under the ticker symbol GLXY. The U.S. Securities and Exchange Commission (SEC) confirmed the effectiveness of the firm’s registration statement on April 17th.
In the press release, Novogratz expressed his optimism about the Nasdaq listing, stating, “We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems. We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base.”
Currently, Galaxy Digital Holdings is trading at $15.62, showing a slight increase over the past 24 hours. The company’s move to go public on the Nasdaq is expected to open up new opportunities for growth and expansion in the digital asset market.
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