Focused on cryptocurrencies trading Bank Mike Novogratz Galaxy Digital LP on August 1, will be listed on the canadian TSX Venture Exchange. Assets will be rated Ticker GLXY. It is reported Bloomberg.
The path to the stock exchange the TSX for the company’s former partner, Goldman Sachs and captainvalor Mike Novogratz was difficult. In particular, Galaxy Digital was absent duly audited statements for the two years, which is required to conduct an initial public offering (IPO). As a result, Galaxy Digital has decided to go the way of “reverse takeover” shell company, whose shares already are traded on the TSX.
Then, according to Novogratz, followed by a “painful” process for eight months, the canadian regulators, have thoroughly investigated the company. As a result, the Galaxy Digital on the stock exchange was postponed from April to August.
“If I knew then what you know now, including that markets will shrink so much and that it will take so much time, I probably would have worked in stealth mode for a year or so. Only after that would become a public company. However, I don’t think I made a mistake”, admitted Novogratz during a Bloomberg television interview.
In the future, the Novogratz, with their company, plans to enter the stock exchanges of Frankfurt, London and Hong Kong.
“We’re going to become a global company, trading around the world” — said the investor.
ForkLog previously reported that Mike Novogratz is not discouraged, despite the unrealised losses of kleptomanka Galaxy Digital LP in the amount of $134 million, caused by the rapid drop in the price of most altcoins.