Team Of Canadian Stock Exchange Opens Trading Of Novogratz’s Shares
Shares of Galaxy Digital LP owned by Mike Novogratz were placed on the Canadian trading platform TSX Venture Exchange, then they plunged in price, CNBC informs.
Trading of the Galaxy Digital LP assets started at the TSX Venture Exchange on August 1 with the initial price of $2.49.
Data from the TSX Venture Exchange official website
Mike Novogratz has long yearned for the cooperation with the Canadian stock exchange, but their collaboration was constantly postponed, since to start the initial coin offering it was necessary to provide audit working papers on Galaxy Digital LP for a two-year period.
Galaxy Digital CEO Mike Novogratz in an interview for Bloomberg
The crypto investor solved this problem through the reverse merger takeover and bought the Coin Capital blockchain startup, then his company merged with Bradmer Pharmaceuticals which previously had placed its securities on the Canadian trading platform.
Novogratz conducted an audit of Galaxy Digital for the first quarter of this year, and the published results demonstrated a loss of $134 million. Nevertheless, the billionaire expressed confidence in the future of his company.
TSX Venture Exchange is the largest stock exchange in Canada and the third in terms of trading in North America.
Earlier, Mike Novogratz stated that the cryptocurrency market will be estimated at $800 billion in 12 months.