Galaxy Digital US Stock Listing Delayed to 2025: What You Need to Know
The highly anticipated US stock listing of Galaxy Digital has been pushed back. Initially slated for earlier dates, Mike Novogratz's crypto firm Galaxy Digital delays US stock listing to 2025. This announcement moves the expected go-public date to the first quarter of 2025.
Galaxy Digital CEO Mike Novogratz previously stated that the company's shares would begin trading in the US stock market in the first quarter of next year, but the timeline has shifted. Michael Novogratz's Galaxy Digital Holdings Ltd is scheduled to go public in the first quarter of 2025, instead of late 2025.
Mike Novogratz's Galaxy Digital Holdings (TSX: GLXY) has delayed its plans for a US listing to Q1, 2025. According to the company's financial results report, the US listing is a priority. This delay impacts investors eagerly awaiting access to this key player in the crypto space.
Key Factors Behind the Delay
Several factors likely contribute to this postponement. While the exact reasons haven't been explicitly stated, Galaxy Digital is still in the process of completing the acquisition of BitGo crypto custodian firm after initiating a purchase earlier this year. The firm purchased BitGo for a significant sum, and integrating this acquisition is a complex process. Market conditions also play a crucial role.
Market maker, Bitcoin miner, and general merchant bank Galaxy Digital is a significant entity in the cryptocurrency landscape. Their S-4 filing was approved by the SEC and will now seek a Nasdaq after moving from a Cayman registration, indicating progress in the listing process.
Galaxy Digital's Ambitions in the US Market
Despite the delay, Galaxy Digital remains committed to a US listing. Galaxy Digital ha pospuesto sus planes de cotizar en los Estados Unidos, y ahora espera salir a bolsa en el primer trimestre de 2025, según anunció el lunes el fundador. This move will provide greater access to US investors and potentially increase the company's valuation.
Stay updated on the latest developments surrounding Galaxy Digital's US stock listing and its implications for the cryptocurrency market. We will continue to provide updates as they become available.