Galaxy Digital dips after upsized $600 million share sale

Digital assets and data center infrastructure firm Galaxy Digital's GLXY.O shares fall 0.5% to $19.50 premarket

Mike Novogratz's GLXY late Thursday announced pricing of its upsized stock offering of 31.6 million shares at $19 apiece for gross proceeds of $600.4 million

Offering boosted from initial size of 29 million shares, priced at 3% discount to stock's last close

GLXY sold 26.4 million shares in offering while certain investors parted ways with 5.2 million shares

Goldman Sachs, Jefferies and Morgan Stanley were active joint book-running managers for offering

Stock slipped 6.3% on Wednesday after GLXY unveiled share sale; it fell another 3.8% on Thursday

GLXY, which had been listed on Toronto Stock Exchange since 2020, made its Nasdaq debut earlier this month