BitGo prices U.S. IPO above range, targets $212.8M

BitGo Holdings Inc. a cryptocurrency custodian, has set the price of its U.S. initial public offering at $18 per share, exceeding its earlier projected range of $15 to $17, as disclosed by the firm on Wednesday.

The pricing establishes its offering at around $212.8 million, indicating a valuation over $2 billion.

The offering consists of 11,821,595 Class A common shares, of which 11,026,365 are being offered directly by BitGo and 795,230 are being sold by select existing investors, as said in its announcement. BitGo also provided underwriters with a 30-day option to acquire up to 1.77 million more shares.

Trading is anticipated to commence on January 22 on the New York Stock Exchange under the ticker symbol “BTGO.” The offering is scheduled to conclude on January 23, contingent upon standard conditions. The principal book-running managers are Goldman Sachs and Citigroup, with assistance from a consortium of international financial institutions.

The unexpectedly high pricing indicates significant institutional interest in cryptocurrency infrastructure companies. BitGo's initial public offering signifies the inaugural significant cryptocurrency-related listing in 2026.

Established in 2013, BitGo has established itself as one of the preeminent cryptocurrency custodians in the United States, overseeing $104 billion in assets on its platform, as stated on its website. Its offerings encompass custody, wallets, staking, and settlement.

The IPO occurs together with the stabilization of U.S. cryptocurrency regulatory conditions. In December 2025, BitGo obtained conditional permission for a U.S. banking charter, alongside Ripple and Circle, enabling the businesses to function as federally regulated trust banks in the nation.