BitGo is trying to earn up to $201 million in an IPO. They want to be worth $1.96 billion, and they have over $90 billion in assets under custody. Prominent US banks are leading the offer.
BitGo Holdings, a big firm that keeps cryptocurrencies safe, told the US Securities and Exchange Commission (SEC) that it was going to have its first public offering (IPO).
BitGo filed a Form S-1 with the SEC that indicated the offering would contain 11 million shares of Class A common stock that the business would issue, as well as 821,595 shares that current stockholders would offer.
Custody scale and valuation ambitions
The IPO might bring in as much as $201 million, with a price range of $15 to $17 per share and about 11.8 million shares being offered.
BitGo’s first Form S-1 filing with the SEC in September 2025 was the first time the business said it wanted to go public on the New York Stock Exchange (NYSE) using the ticker “BTGO.” This announcement comes after that.
Major Wall Street banks lead underwriting group
BitGo’s IPO offering comes after the company has held more than $90 billion in assets since it started its platform in 2013. Reports say that the corporation wants the offering to be worth up to $1.96 billion.
BitGo has hired several big US investment institutions as lead underwriters for the IPO. Goldman Sachs is the main book-running manager, while Citigroup is a book-running manager.
Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity, and Cantor are also book-running managers. The offering’s co-managers include Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi.
BitGo claimed in the announcement, A registration statement for the Class A common stock has been filed with the SEC but is not yet effective.