Mike Novogratz's Galaxy Digital Holdings (TSX: GLXY) has delayed its plans for a US listing to Q1, 2022. According to the company's financial results report, the US listing and the close of BitGo acquisition "will occur in the first quarter 2022."
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In May this year, Galaxy Digital said it was expecting to close its acquisition of BitGo during the fourth quarter of 2021. The deal will result in BitGo shareholders owning about 10% of Galaxy Digital. Mike Belshe, Co-founder and CEO of BitGo, will also become deputy CEO of Galaxy Digital and join the company's board of directors.
While the exact reasons behind the delay remain undisclosed, Galaxy Digital told Bloomberg its plans to become US public company is yet subject to approval by the US Securities and Exchange Commission. Galaxy Digital revealed its plans to go public in the US earlier in March. The company is already listed on the Toronto Stock Exchange under the ticker symbol "GLXY."
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