US EditionCrypto Firm BitGo Eyes up to $1.96 Billion Valuation in US IPO
BitGo seeks $201 million from 11.8 million shares to leverage growing institutional demand for crypto custody services amid recovering IPO market momentum.
- On Monday, BitGo filed for a US IPO targeting a valuation of up to $1.96 billion and aims to raise $201 million by offering 11.8 million shares priced between $15 and $17.
- Rising sector momentum has prompted more crypto firms to plan public listings, including crypto exchange Kraken, after Circle and Bullish posted strong debuts last year.
- Founded in 2013, BitGo has grown into one of the largest crypto custody firms in the United States, storing and protecting digital assets for institutional clients including banks, funds and asset managers.
- Market turbulence from October has raised the bar for IPO hopefuls, while pressure on AI and tech valuations prompts a `flight to quality`, Lukas Muehlbauer said.
- BitGo intends to list on the New York Stock Exchange under BTGO, with Goldman Sachs and Citigroup as lead underwriters for the offering.
29 Articles
29 Articles
Crypto firm BitGo targets valuation of up to $1.96 billion in US IPO — details here
BitGo, a crypto custody startup, aims for a valuation of $1.96 billion in its IPO, seeking to raise $201 million by offering 11.8 million shares. As institutional interest in crypto grows, the firm plans to list on the NYSE under the symbol BTGO.
BitGo Files For US IPO, Eyeing Valuation Close To $2 Billion » News.ng
Private cryptocurrency wallet and custody provider BitGo has taken a major step toward becoming a publicly traded company, filing for an initial public offering in the United States that could value the firm at close to $2 billion. The Palo Alto–based company submitted its amended S-1 registration statement to the US Securities and Exchange Commission on Monday, outlining plans to raise as much as $200 million from the listing. According to the …
BitGo Kicks Off Public Offering As It Seeks NYSE Debut As BTGO
BitGo Holdings, the Palo Alto–based digital asset infrastructure firm, on Monday kicked off an initial public offering that would place 11,821,595 shares of its Class A common stock before public investors. The filing, made on Form S-1 with the U.S. Securities and Exchange Commission, shows BitGo itself is offering 11,000,000 shares while certain existing stockholders plan to sell 821,595 shares; the company said it will not receive proceeds fro…
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