Bitcoin miner Ionic Digital valued at $2.25 billion after shares fall in Nasdaq debut

Ionic Digital, a bitcoin miner and cloud infrastructure ‌provider, was valued at about $2.25 ‌billion after its shares fell in their Nasdaq ​debut on Tuesday. The stock opened at $50 apiece, down nearly 5.7% from a reference price of $53 set by the ‌Nasdaq on Monday. A ⁠direct listing allows a company to list its shares on ⁠an exchange without raising new capital or issuing new stock, letting ​existing shareholders ​sell their holdings.