Galaxy Digital opens from Novoghatz trading on the Nasdaq Stock Exchange at $ 23.50

Mike FacebookChecks Company Galaxy Digital I started trading on the Nasdak Stock Exchange on Friday under the GLXY index. The stock opened at $ 23.50 per share on the American Stock Exchange.

Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, has moved its shares to the Nasdaq Stock Exchange through a direct list – a step that follows a multiple -years, stressful battle with American organizers.

“”Squawk box“On Friday, the Galaxy value now stops in two high -growth regions: Encryption and artificial intelligence.

“These are the most exciting areas of growth in the market, to the right. Artificial intelligence and infrastructure needed for the presence of artificial intelligence and encryption in the end … on the brink of institutional adoption,” he said. “We have built our company for this moment, so I was not excited.”

“We are a Data Center and CheckPer Company,” said Novogratz that Galaxy is now two companies.

The Nasdak list comes after four years of organizational delay, as Galaxy spends more than $ 25 million and nine rounds of backward comments with the US Securities and Stock Exchange Committee, according to Novoghatz. He said that what should have taken at most, 90 days, extended to 1320.

“You need to be very good – a large and powerful company – only to stay in the game,” Novoghatz told CNBC.

The billionaire also pointed to the depth of the unparalleled US market, saying that the clarity of Galaxy in Canada was over the course of what could be achieved in the United States.

“If we were in the American market in those four years, we will be a different company,” he said.

Follow the list etoroFor the first time, the successful Nasdak this week, indicating the renewed investor’s appetite for encrypted companies after years of organizational caution.