initial public offerings (IPOs) trading on American exchanges

Friday, May 16, 2025

Galaxy Digital (GLXY) began trading on the Nasdaq on Fri 16 May 25

Galaxy Digital, Inc. engages in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. It operates through the following segments: Digital Assets and Data Centers. The digital assets segment offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The Data Centers segment competes with a range of infrastructure providers that are building or repurposing facilities to support the rapidly growing demand for AI and compute-intensive workloads. 
  • Sector: Financial Services
  • Industry: Capital Markets
  • Founded by Michael Novogratz in 2018 
  • Headquartered in New York, New York
  • https://www.galaxy.com

Listing Structure: The move was a direct listing following a complex reorganization to move from a Canadian listing to a U.S. listing.
Prior to the 2025 U.S. listing, Galaxy Digital had initially gone public in Canada in 2018 via a reverse takeover.

Business Focus: As a publicly traded company, Galaxy acts as an institutional digital assets and AI data center leader, covering trading, asset management, and, increasingly, infrastructure to support high-performance computing.

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