In May, Galaxy Digital initiated its acquisition of BitGo and expects to close the deal in the first quarter of 2022. Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment company, plans not to go public in the United States in late 2021.
CEO and founder of Galaxy Digital, Novogratz, announced Monday that the company has postponed its plan to list in the United States, now expecting to go public in the first quarter of 2022.
“They were looking forward to our U.S. listing and the closing of our BitGo acquisition, which they expect to occur in the first quarter of 2022,” he said.
Galaxy Digital has not yet been approved for listing on an American exchange by the U.S. Securities and Exchange Commission, Galaxy reportedly said.
After initiating the acquisition earlier this year, Novogratz’s cryptocurrency investment manager is still in the process of closing the acquisition of cryptocurrency custodian BitGo. The deal is expected to close in the first three months of 2022.
It was announced in May that Galaxy Digital would list in the U.S., with Novogratz anticipating the company will go public in the U.S. in the second half of 2021.
Cointelegraph contacted Galaxy Digital for comment, but it did not respond immediately. As one of the largest companies in the crypto space, Galaxy Digital has already been listed on a major Canadian stock exchange.
A month after acquiring local crypto startup Coin Capital, the company listed on the TSX Venture Exchange for the first time.
The stock of Galaxy Digital is trading at $41 at the time of writing, up around 0.2% in the last 24 hours. Galaxy Digital shares have been experiencing significant gains, recently, surpassing $40 for the first time last week.
In addition to announcing Q3 financial results on Monday, Galaxy Digital announced the news.As of October 2021, Galaxy Digital reported a net comprehensive income of $517 million, up from $42 million over the same period last year. The company also reported managing $3.2 billion in assets.
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