We advised Galaxy on its first underwritten public offering as a listed company on Nasdaq

Davis Polk advised Galaxy Digital Inc. on its $600 million SEC-registered offering of 31,600,000 shares of Class A common stock, of which 5,200,000 shares were sold by certain selling stockholders. The underwriters have a 30-day option to purchase up to an additional 4,740,000 shares. The shares of Class A common stock are listed on the Nasdaq Global Select Market under the symbol “GLXY.” The transaction was Galaxy’s first underwritten public offering of its Class A common stock as a listed company on the Nasdaq.

Based in New York City, Galaxy is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Galaxy is a trusted partner to more than 1,300 trading counterparties and more than 1,200 asset management clients, with more than 300 portfolio investments and approximately $7 billion in assets managed across its platform.

The Davis Polk capital markets team included partners Daniel P. Gibbons and Joseph A. Hall, counsel Joze Vranicar and associates Sakiko Nishida, Yao Li and Alex Brod. Partner Patrick E. Sigmon and associates Tyler Scheiner and David J. Beer provided tax advice. Partner Adam Kaminsky provided executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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