Galaxy Digital CEO Mike Novogratz said the company's shares will begin trading in the US stock market in the first quarter of next year after the close of the acquisition of BitGo.
Digital asset management company Galaxy Digital Holdings has postponed its U.S. stock listing until 2022. This was announced by the CEO of the company Mike Novogratz. According to him, the listing of Galaxy Digital shares on the US stock market will take place presumably in the first quarter of next year after the close of the deal to buy BitGo.
Galaxy Digital initiated a $ 1.2 billion deal to acquire the custodian of digital assets and crypto wallet operator BitGo. The closing of the deal is scheduled to be completed in the first three months of 2022.
Galaxy Digital also released financial results for the third quarter of 2021. The company's net comprehensive income rose to $ 517 million from $ 42 million in the same period last year. Galaxy Digital has approximately $ 3.2 billion in assets under management as of October 2021.
Novogratz announced plans for Galaxy Digital to go public in March this year. Then the CEO of the company announced that the listing is planned for the second half of 2021.
Galaxy Digital is a digital asset management company founded in 2018 by Mike Novogratz after leaving Goldman Sachs. Galaxy Digital has been listed on the Toronto Stock Exchange on July 6, 2020.