BitGo IPO Prices at $18/Share, Raises $212.8M

BitGo Holdings, a leading digital asset custody provider, priced its initial public offering at $18 per share this week, surpassing its targeted range of $15 to $17 and raising approximately $212.8 million. The offering values the company at more than $2 billion on a fully diluted basis and marks the first major cryptocurrency-related IPO of 2026, with shares set to begin trading on the New York Stock Exchange under the ticker symbol BTGO on January 22.

The IPO includes 11,026,365 Class A common shares offered by BitGo and an additional 795,230 shares sold by existing shareholders. Underwriters, led by Goldman Sachs and Citigroup, received a 30-day option to purchase up to 1.77 million more shares. The deal is expected to close on January 23, subject to standard conditions. This above-range pricing reflects robust demand from institutional investors, according to market observers, amid a cautious but recovering appetite for crypto infrastructure firms.

Founded in 2013 and based in Palo Alto, California, BitGo has established itself as a key player in secure digital asset management. The company currently oversees $104 billion in assets under custody as of September 2025, up from...