Galaxy Digital Eyes Nasdaq Listing by May 16, Pending Approval

Galaxy Digital plans to go public on Nasdaq by May 16, pending shareholder approval. CEO Mike Novogratz highlights the firm’s aim to enhance investor access in the digital asset and AI sectors. The company has filed with the SEC, aims for ticker GLXY, and is currently trading at $15.62.

Galaxy Digital, a prominent player in the crypto asset management sphere, has recently made headlines with its intention to go public on the Nasdaq stock exchange. This announcement comes from the firm’s CEO, Mike Novogratz, who indicated that they aim to achieve listing by May 16, provided they receive shareholder approval beforehand on May 9.

Novogratz expressed enthusiasm about the listing, suggesting it would significantly enhance Galaxy’s capability to serve investors within the rapidly expanding digital asset and artificial intelligence (AI) sectors. He emphasized that via this public listing, Galaxy aims to unlock new growth opportunities.

According to a press release, Galaxy Digital has set up a public company incorporated in Delaware and intends to trade under the ticker symbol GLXY. Notably, on April 17, the U.S. Securities and Exchange Commission (SEC) confirmed that the registration statement submitted by Galaxy had been approved.

In the press release, Novogratz articulated his belief that this Nasdaq listing would usher in a transformative era for Galaxy. The goal is to create a reliable gateway for investors seeking exposure to both digital assets and AI technologies. He underlined that this move would not only enhance the company’s value but also attract a wider range of investors.

As of now, Galaxy Digital Holdings is priced at $15.62, reflecting a slight uptick within the past 24 hours. As the company gears up for this potential big leap, stakeholders, and observers alike are keen to see how this move unfolds.

Investors should remember that the views shared here are not financial advice. It’s essential to conduct thorough research before engaging in high-risk investment activities related to cryptocurrencies or digital assets. Decisions made are solely the responsibility of the investor, and caution is advised as this landscape can be volatile.