BitGo Holdings has priced its initial public offering at $18 per share, exceeding its earlier indicated range of $15 to $17, ahead of its expected debut on the New York Stock Exchange. Shares are set to trade under the ticker BTGO, with the offering expected to close later this week, subject to customary conditions.
The IPO includes 11.8 million shares of Class A common stock and is projected to raise approximately $212.8 million in gross proceeds. Of that total, about 795,000 shares are being sold by existing shareholders, meaning BitGo will not receive proceeds from those sales. The offering implies a valuation of more than $2 billion for the company.
Founded in 2013, BitGo has built its business around digital asset custody and infrastructure, reporting more than $90 billion in assets under custody. The listing underscores growing investor focus on crypto-native service providers as institutional participation in digital assets expands.
