Ionic Digital is expected to go public directly on NASDAQ on July 28th

Ionic Digital expects its stock to trade on the NASDAQ Global Select Market on July 28th, with the stock code IOND. The US Securities and Exchange Commission (SEC) has announced that Ionic Digital's registration statement is officially effective. Ionic Digital will adopt a direct listing method this time, and existing registered shareholders can sell their shares on the public market. Ionic Digital was established with the aim of acquiring Celsius's Bitcoin mining assets, and is currently transitioning its business to provide services for artificial intelligence (AI) and high-performance computing (HPC). Ionic Digital previously raised $400 million in funding to support data center construction.