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Novogratz’s Galaxy Digital postpones plans for U.S. stock listing, to early 2022
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Michael Novogratz’s Galaxy Digital Holdings Ltd is scheduled to go public in the first quarter of 2022, instead of late 2021. This information was revealed by the CEO and founder Novogratz, but the United States’ Securities and Exchange Commission [SEC] is yet to sign off on any listing on an American exchange.
“We look forward to our U.S. listing and the close of our BitGo acquisition, which we now expect will occur in the first quarter 2022.”
Galaxy Digital had did a reverse takeover of an inactive firm in 2018 to trade on the Toronto Stock exchange and had hoped for a possible U.S. listing too. However, as mentioned by the company, it is yet to close the acquisition of BitGo which may push its timeline by another three months.
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