We are advising Galaxy on its Delaware domestication and Nasdaq listing

Davis Polk is advising Galaxy in connection with its listing on the Nasdaq Global Select Market, following a series of transactions resulting in the reorganization of Galaxy’s corporate structure. Prior to the reorganization transactions, Galaxy Digital Holdings Ltd., a Cayman Islands corporation, was a publicly traded entity on the Toronto Stock Exchange (TSX). Following the reorganization transactions, Galaxy Digital Inc., a Delaware corporation, succeeded Galaxy Digital Holdings Ltd. as the TSX-listed entity in a newly established umbrella partnership corporation structure, and will also be listed on the Nasdaq Global Select Market. The shares of Galaxy’s Class A common stock will begin trading on the Nasdaq Global Select Market on May 16, 2025, under the symbol “GLXY.”

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 Joseph A. Hall and Daniel P. Gibbons, counsel Joze Vranicar and associate Sakiko Nishida. The mergers and acquisitions team included partners Evan Rosen and Michael Senders. Partner Patrick E. Sigmon provided tax advice. Partner Adam Kaminsky provided executive compensation advice. Partners Zachary J. Zweihorn and Gabe Rosenberg provided financial institutions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

 

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