Digital Novogratz Galaxy Digital opens trading on NASDAQ at $ 23.50

Mike NovagratsCrypto -Ferke Galaxy Digital Started trading on Nasdaq on Friday under Ticker GLXY. The shares opened at $ 23.50 per share on the US exchange.

The Galaxy Digital, which has been traded on the Toronto exchange since 2020, has moved its shares to Nasdaq through a direct list – a step that follows a grueling, long -standing battle with US regulators.

Novagrats said CNBC “Box for Squawk‘Galaxy value on Friday is now dependent on two high -growth districts: cry and Artificial intelligence.

“These are the two most exciting areas of growth in the markets, on the right. AI and the infrastructure necessary for the II to exist, and the crystand, finally … on the border of institutional acceptance,” he said. “We have created our company at the moment, so I couldn’t be more agitated.”

Novogratz said Galaxy is an effective two enterprises: “We are a company at the data center and the crypto company.”

The NASDAQ list comes after four years of delay regulation, and Galaxy spent more than $ 25 million and transferred nine rounds of comments behind with the US Securities and Exchange Commission, Novogratz reports. What was supposed to take no more than 90 days was stretched to 1320, he said.

“You needed to earn very well – and a pretty big, strong company – just stay in the game,” said Novogratz CNBC.

The billionaire also pointed to the unmatched depth of the US market, saying that the visibility of the galaxy in Canada was one thirty of what it could reach in the US.

“If we were in the US markets these four years, we would be another company,” he said.

The list follows eoA successful NASDAQ debut this week was signaled by an updated investor appetite for crying firms after many years of caution.