Ionic Digital Reaches $2.75B Valuation After Nasdaq Debut

Ionic Digital Inc. completed its Nasdaq debut on Tuesday under the ticker symbol IOND, with shares opening at $50 and climbing to nearly $63, representing a gain exceeding 25% from the opening price. The company’s market valuation reached approximately $2.75 billion following the direct listing, which did not involve new share issuance or proceeds to the company.
Ionic Digital emerged from Celsius Network’s bankruptcy restructuring in January 2024, inheriting the majority of Celsius