BlockBeats News, July 21st, Ionic Digital expects its stock to begin trading on the Nasdaq Global Select Market on July 28th, following the official effectiveness of its registration statement by the U.S. Securities and Exchange Commission (SEC), clearing the final major regulatory hurdle for the company's long-anticipated listing.

According to the company's announcement, Ionic's stock symbol will be "IOND." Ionic has opted for a direct listing rather than a traditional initial public offering (IPO), meaning the company will not issue new shares or raise funds from this transaction. Instead, existing registered shareholders will be able to sell their holdings on the open market.

Originally founded to take over Bitcoin mining assets from Celsius, Ionic later pivoted to position itself as a broader digital infrastructure company, serving artificial intelligence (AI) and high-performance computing (HPC) workloads.

Earlier this month, Ionic filed its Form S-1 registration statement for the first time. Prior to the listing, the company had raised approximately $4 billion to support data center construction and drive its transition from Bitcoin mining to a broader digital infrastructure focus.