Ionic Digital Debuts on Nasdaq with a $2.25 Billion Valuation

Ionic Digital, a company formed after the bankruptcy of Celsius, has commenced trading on Nasdaq under the ticker symbol IOND. The shares reached a price of $62.9, valuing the company at approximately $2.25 billion. This direct listing allows existing shareholders, including former Celsius clients who received shares in exchange for their claims, to sell their stakes. Ionic plans to focus on infrastructure for artificial intelligence and high-performance computing.