Crypto asset management firm Galaxy Digital has announced plans to go public on the Nasdaq stock exchange.
Galaxy Digital chief executive and founder Mike Novogratz says the firm plans to go live on the Nasdaq as soon as May 16th, but notes that shareholder approval is still needed.
“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.”
According to a press release, Galaxy Digital formed a public company incorporated in Delaware to make this possible and is expected to take the ticker symbol GLXY. On April 17th, the U.S. Securities and Exchange Commission (SEC) declared that the registration statement filed by the firm was effective.
As stated by Novogratz in the press release,
“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.”
Galaxy Digital Holdings is trading for $15.62 at time of writing, a marginal increase during the last 24 hours.
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