BitGo launches IPO seeking $201 million at $1.96B valuation
BitGo Holdings, a major cryptocurrency custody firm, has announced the launch of its initial public offering (IPO), aiming to raise up to $201 million at a valuation of $1.96 billion.
In a Form S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC), BitGo stated that the offering will include 11 million Class A common shares issued by the company, along with 821,595 shares offered by existing shareholders.
Based on an expected price range of $15 to $17 per share, the IPO could raise up to $201 million, with the total number of shares offered reaching approximately 11.8 million.
The announcement follows BitGo’s initial filing of its S-1 registration statement with the SEC in September 2025, when the company first revealed plans to list on the New York Stock Exchange (NYSE) under the ticker “BTGO.”
High valuation and broad support on Wall Street
According to Cointelegraph, BitGo’s IPO comes as the company has accumulated more than $90 billion in assets under custody since launching its platform in 2013. The firm is reportedly targeting a valuation of up to $1.96 billion through the offering.
To lead the IPO, BitGo has appointed several major U.S. investment banks as underwriters, including Goldman Sachs as lead bookrunner and Citigroup as joint bookrunner.
Additional bookrunners include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity, and Cantor. Co-managers for the offering include Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi.
As we wrote, BitGo prepares for IPO: step toward crypto market maturity or test for investors
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