BitGo seeks up to $1.9B valuation in planned NYSE debut
Crypto Briefing
Crypto custodian BitGo plans to raise $201 million in an NYSE debut, aiming for a $1.9 billion valuation.Summary
Crypto custodian BitGo has filed with the SEC to raise up to $201 million by selling 11.8 million shares on the New York Stock Exchange (NYSE) under the ticker 'BTGO'. This offering, which includes shares sold by the company and existing stockholders, could result in a total company valuation of $1.9 billion. BitGo intends to use the raised funds for working capital, product development, and potential acquisitions or investments. This move follows BitGo recently receiving conditional approval from the Office of the Comptroller of the Currency (OCC) to convert its state charter to a federal one.
(Source：Crypto Briefing)