Davis Polk Advised Galaxy On Its Delaware Domestication And Nasdaq Listing

Davis Polk advised Galaxy on its Delaware domestication and Nasdaq listing

Davis Polk advised Galaxy in connection with its listing on the Nasdaq Global Select Market, following a series of reorganization transactions. Prior to this, Galaxy Digital Holdings Ltd., a Cayman Islands corporation, was publicly traded on the Toronto Stock Exchange (TSX). As a result of the reorganization, Galaxy Digital Inc., a Delaware corporation, has succeeded Galaxy Digital Holdings Ltd. as the TSX-listed entity under a new umbrella partnership corporation structure and will also be listed on Nasdaq. The Class A common stock of Galaxy began trading on Nasdaq under the symbol “GLXY” from May 16, 2025.

Headquartered in New York City, Galaxy is a global leader in digital assets and data center infrastructure. The company supports over 1,300 trading counterparties and 1,200 asset management clients, with more than 300 portfolio investments and approximately $7 billion in assets under management.

The Davis Polk capital markets team included Joseph A. Hall (Partner), Daniel P. Gibbons (Partner), Joze Vranicar (Counsel), and Sakiko Nishida (Associate).

The mergers and acquisitions team included Evan Rosen (Partner) and Michael Senders (Partner). Patrick E. Sigmon (Partner) provided tax advice. Adam Kaminsky (Partner) advised on executive compensation. Financial institutions advice was provided by Zachary J. Zweihorn (Partner) and Gabe Rosenberg (Partner). Members of the Davis Polk team are based in the New York and Washington DC offices.

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