Ionic Digital jumps 26% in Nasdaq debut

Ionic Digital shares rose 25.8% from their opening price during the company’s Nasdaq debut on July 28, closing at $62.90 after beginning public trading at $50. Summary Ionic Digital climbed 26% from its $50 opening price, closing its Nasdaq debut at $62.90. About 44.9 million outstanding shares valued Ionic Digital near $2.8 billion at Tuesday’s closing price. Celsius creditors previously received roughly 37 million Ionic shares through the lender’s court-approved restructuring plan. The closing price gave the Celsius-linked Bitcoin miner and AI infrastructure operator an equity value of approximately $2.83 billion. The calculation is based on 44,921,427 Class A shares outstanding after the conversion of Ionic’s Series A preferred stock. It does not include potential dilution from warrants, restricted stock units or future issuances. Yahoo Finance showed the shares falling to $58.80 after hours, 6.5% below their regular-session close. Ionic has not issued a company statement about the first-day price move. Source: Yahoo Finance Ionic Digital rebounded from its $50 opening price Nasdaq officially opened IOND at 11:58:52 a.m. Eastern Time through a cross involving 149,252 shares. The...