BitGo Launches IPO Targeting $1.96B Valuation
Crypto custody company BitGo has launched its IPO, aiming for a valuation up to $1.96 billion.Summary
Cryptocurrency custody firm BitGo Holdings has officially launched its Initial Public Offering (IPO) by filing a Form S-1 with the US Securities and Exchange Commission (SEC). The offering includes 11 million shares of Class A common stock from the company and 821,595 shares from existing stockholders, totaling about 11.8 million shares. Based on an expected price range of $15 to $17 per share, the IPO could raise up to $201 million. BitGo, which has managed over $90 billion in assets under custody since 2013, is targeting a valuation of up to $1.96 billion. The company plans to list on the New York Stock Exchange (NYSE) under the ticker “BTGO.” Goldman Sachs is serving as the lead book-running manager for the offering.
(Source：Cointelegraph)