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Crypto Firm BitGo Raises $212.8 Million in US IPO

BitGo’s IPO raises $212.8 million at $18 per share with a valuation over $2 billion, enabling growth in digital asset custody and related services.

  • On January 22, 2026, BitGo priced its initial public offering at $18.00 per share, with shares expected to begin trading on the New York Stock Exchange the same day and the offering closing January 23, 2026.
  • After the SEC declared the registration effective on January 21, 2026, Goldman Sachs & Co. LLC and Citigroup served as lead underwriters for the offering.
  • At the $18.00 offering price, BitGo and its backers would raise $212.8 million, while existing stockholders sell shares from which BitGo receives no proceeds.
  • BitGo, the Palo Alto digital-asset firm, provides custody, wallets, staking, trading, financing and settlement services to thousands of institutions and will trade publicly under the ticker `BTGO`.
  • Bloomberg reported the IPO was priced above its marketed range on January 21, while Reuters could not immediately verify the report, with Clear Street and Compass Point co-managing.
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The company had the price of the shares fixed in US$ 18, above the estimated range from US$ 15 to US$ 17

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Coin Desk broke the news in Manila, Philippines (the) on Wednesday, January 21, 2026.
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