BitGo prices US IPO above marketed range, eyeing $212.8 million raise

Crypto custodian BitGo Holdings Inc priced its U.S. initial public offering at $18 per share, exceeding its marketed range of $15 to $17, which sets the offering size at roughly $212.8 million and suggests a valuation exceeding $2 billion. The offering consists of 11,821,595 Class A common shares, with BitGo offering the majority and certain stockholders selling the remainder. Trading is scheduled to commence on January 22 on the NYSE under the ticker "BTGO." This strong pricing reflects significant institutional interest in crypto infrastructure firms and marks the first major crypto-related listing of 2026. BitGo, founded in 2013, manages $104 billion in assets and recently secured conditional approval for a U.S. banking charter.

(Source：The Block)