The company announced on Wednesday that the cryptocurrency custodian BitGo Holdings Inc priced its U.S. initial public offering at $18 per share, higher than the previously marketed price of between $15 and $17. The pricing has pegged its offering at approximately $212.8 million, implying a valuation of over $2 billion.
According to its statement, the offering includes 11,821,595 Class A common shares, of which 11,026,365 are being offered by BitGo itself, and 795,230 are being sold by certain existing stockholders. BitGo also offered underwriters a 30-day option to buy up to 1.77 million additional shares.
Trading on the New York Stock Exchange is anticipated to commence on January 22, under the ticker “BTGO.” Therefore, the offering is intended to close on January 23, subject to customary conditions.
It is headed by book-running managers, including Goldman Sachs and Citigroup, supported by a syndicate of global financial firms.
However, the stronger-than-expected pricing indicates higher institutional interest in crypto infrastructure firms. The IPO of BitGo will be the first significant crypto-related listing in 2026.
Its official website reported that BitGo was founded in 2013 and came into force on has carved out a reputation as one of the biggest crypto custodians in the U.S., managing $104 billion in assets on its platform. It provides services across custody, wallets, staking, and settlement.
The IPO is also accompanied by the U.S. crypto regulatory conditions beginning to stabilize. BitGo was conditionally granted a U.S. banking charter in December 2025 alongside Ripple and Circle, enabling them to become federally regulated trust banks in the United States.
