Galaxy Digital Plans to Go Public in the US This Year
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Main page News, US Market, IPO

Galaxy Digital, the crypto bank owned by Mike Novogratz, has just announced through a press release it plans to go public in the US this year.

In particular, according to the release, the company, which just reported quite positive results for the fourth quarter of 2020, plans a US listing during the second half of 2021 and is actively preparing for it.

It is worth noting the company is already listed on the Toronto Stock Exchange (TSX).

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The results presented by the company for the last quarter of 2020 are quite positive with an increase in overall net income, excluding non-controlling interests, of 1.175% to $335.7M, so it is not surprising it wants to expand its business through its IPO in the US.

In the company's digital asset management business, AUM increased by more than 98% to $807.3M, up from $407.4M in the previous quarter.

The company is constantly launching new products. For instance, in March it rolled out its CI Galaxy Bitcoin ETF, which trades on the TSX under the ticker "BTCX."

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