Novogratz's Galaxy Digital opens trading on the Nasdaq at $23.50 per share

Mike Novogratz's crypto firm Galaxy Digital started trading on the Nasdaq on Friday under the ticker GLXY. The stock opened at $23.50 per share on the U.S. exchange. Galaxy Digital, which has been traded on the Toronto Stock Exchange since 2020, shifted its shares to the Nasdaq through a direct listing — a move that follows a grueling, multiyear battle with U.S. regulators. Novogratz told CNBC's "Squawk Box" on Friday that Galaxy's value now hinges on two high-growth areas: crypto and artificial intelligence. "These are the two most exciting growth areas in markets, right. AI and the infrastructure needed for AI to exist and crypto finally ... at the brink of institutional adoption," he said. "We have built our company for this moment, so I couldn't be more excited." ... Read full article.