Galaxy Digital Holdings expects to go public in the US in the first quarter of next year.
The financial services and investment management technology company has been preparing to go public for a long time. The corporation acquired a brokerage firm back in 2018 to trade securities on the Toronto Stock Exchange. Galaxy plans to close the deal to acquire BitGo in the coming months.
The company operates in a variety of industries, from bitcoin mining, where it hopes to get 1% of the total hashrate, to asset management. Galaxy had approximately $3.2 billion in assets under management as of Oct. 31. Net comprehensive income for the fourth quarter is projected to be in the region of $400 million, according to the latest financial report. For the third quarter, revenue increased 146% to $517 million. As of September 30, Galaxy owned about $555.2 million in BTC and $261.4 million in Ethereum.
The corporation had previously hoped to go public in the fourth quarter of this year. There is no information yet on which US exchange Galaxy plans to list shares.
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