Traditional Cryptocurrency Leader, Galaxy Digital, Declares Aim to Become Public on the Nasdaq Stock Exchange
Crypto Galactic Leap: Galaxy Digital Sets Sights on Nasdaq
Hey there, crypto enthusiasts! Let's dive into the latest juicy news in the world of digital asset management.
Since you're all about staying sharp and embracing the new, you'll be excited to hear that powerhouse Galaxy Digital is planning a Nasdaq debut. That's right, the crypto giant, founded by Mike Novogratz, is aiming to list its Class A common stock on the Nasdaq Global Select Market on May 16, 2025![Wait, there's more][1]
Novogratz chimes in, "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."
But wait, before you start planning the party, it's important to remember that the plan is still subject to shareholder approval and final approval from, well, big ol' Nasdaq![ Hold your horses][1]
Galaxy Digital formed a public company incorporated in Delaware to make this transition smoother. The U.S. Securities and Exchange Commission (SEC) declared the registration statement filed by the firm effective on April 17th.[2]
As Novogratz explains, this Nasdaq listing is expected to act as a game-changer for Galaxy, attracting a broader investor base and furthering the company's vision of building a secure gateway to digital assets and AI technologies.[2]
Curious about how the market's reacting? At the time of writing, Galaxy Digital Holdings is trading for $15.62.
Stay tuned for more updates, as there's certainly more to come in the world of crypto! Be sure to follow us on our social media channels so you never miss a beat![Gimme more, please][3]
Source:[1] (https://thecryptoactu.al/galaxy-digital-to-list-on-nasdaq/)[2] (https://www.businesswire.com/news/home/20221219005368/en/Galaxy-Digital-Holdings-Ltd-Provides-Update-on-Proposed-Nasdaq-Listing)[3] (https://thedailyhodl.com/)
Related Topics:
- Crypto Market Overview
- Galaxy Digital's Strategic Moves
- Impact of Nasdaq Listing on Institutional Investment
- ** upcoming IPOs in the crypto sphere**
- Trends shaping the crypto investment landscape
Enrichment Data:Galaxy Digital Holdings Ltd. has announced its intent to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol GLXY, with trading expected to begin on May 16, 2025. This plan is contingent upon the successful completion of a company reorganization and final approval from both shareholders and Nasdaq. A special shareholder meeting was scheduled for May 9 to vote on the reorganization, and once these approvals are secured, the listing aims to enhance the company’s value and broaden its investor base[2][5].
CEO Mike Novogratz has described the Nasdaq listing as a transformative milestone that positions Galaxy Digital as a secure and efficient gateway for institutional investors seeking exposure to digital assets and related technologies[2][5]. As of now, the status is that the company is awaiting the outcome of the shareholder vote and final Nasdaq approval before proceeding with the listing[2].
- The crypto industry is abuzz with Galaxy Digital's announcement to list its Class A common stock on the Nasdaq Global Select Market, pending shareholder approval and final approval from Nasdaq.
- Mike Novogratz, Galaxy Digital's founder, expressed excitement about the planned Nasdaq listing, asserting that it will better serve investors across the digital asset and AI ecosystems.
- Galaxy Digital Holdings aims to trade under the ticker symbol GLXY on May 16, 2025, facilitated by a public company formation in Delaware, with the SEC having declared the registration statement effective on April 17th.
- This Nasdaq listing is expected to help Galaxy Digital attract a broader investor base, paving the way for further growth in the digital asset and AI technology industries.
- Approval for this strategic move is still pending, as shareholders will vote on the reorganization on May 9, and final approval from Nasdaq is still to be confirmed.
- As of now, Galaxy Digital Holdings is trading for $15.62, with the market keeping a close eye on the outcome of the shareholder vote and the final decisions by Nasdaq.
