Cryptocurrency firm Galaxy Digital is planning a big move: going public on the Nasdaq stock exchange. The company aims for a May 16th listing, but first needs shareholder approval on May 9th.
Going Public on Nasdaq
CEO and founder Mike Novogratz expressed excitement about the potential Nasdaq listing. He believes it will help Galaxy better serve investors in the digital asset and AI fields and fuel future growth. To make this happen, Galaxy Digital formed a Delaware-incorporated public company and will likely trade under the ticker symbol GLXY. The SEC gave the green light on April 17th, approving the company’s registration statement.
Novogratz’s Vision
Novogratz sees the Nasdaq listing as a major step forward, positioning Galaxy to provide investors with easier and safer access to digital assets and AI. He’s confident this will boost the company’s value and attract more investors.
Current Trading
At the time of writing, Galaxy Digital Holdings is trading around $15.62, showing a slight increase over the past 24 hours.
Disclaimer: This information is for general knowledge only and is not financial advice. Always do your own research before investing in any cryptocurrency or digital asset. Investing in crypto carries significant risk.
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