Galaxy Digital plans Nasdaq listing on May 16

Galaxy Digital Holdings Ltd. is set to begin trading on the Nasdaq Global Select Market on May 16, 2025, pending approval from shareholders and Nasdaq. 

The company announced that its planned transition will be decided during a shareholder meeting scheduled for May 9, where investors will vote on a proposed corporate reorganisation and change of domicile. 

The listing is also contingent on Nasdaq’s final approval. 

If the move is authorised, Galaxy Digital Inc., a newly incorporated entity in Delaware, will list its Class A common shares under the ticker symbol GLXY. 

The company emphasised that its shares on the Toronto Stock Exchange (TSX) will remain unaffected, and trading will continue even after the Nasdaq debut. 

"We believe that listing on the Nasdaq would mark a transformative milestone for Galaxy that would position us to advance our vision of building a gateway for investors to safely and efficiently access every corner of the digital asset and artificial intelligence ecosystems," stated Mike Novogratz, CEO and founder of Galaxy Digital.

Galaxy Digital also filed a registration statement with the U.S. Securities and Exchange Commission (SEC), which became effective on April 7, and mailed shareholder materials on April 17. 

Shareholders who were on record as of April 7 will be eligible to vote on the proposed changes.

"We are confident that this listing will be value enhancing to the company and our shareholders and enable us to attract a broader investor base," added Novogratz.

Galaxy’s move to Nasdaq follows a successful filing process and is seen as a significant step for the firm in expanding its presence and market access.