Crypto custody firm BitGo Holdings Inc. priced its U.S. initial public offering above its marketed range, raising $212.8 million, according to Reuters.
The company priced shares at $18 each, valuing BitGo at approximately $2.08 billion. The stock is expected to trade on the New York Stock Exchange under the ticker BTGO, Reuters reported.
IPO pricing and listing details
The offering marks one of the first U.S. IPOs by a crypto-focused company in 2026, coming as digital asset firms continue to navigate regulatory and market uncertainty.
Reuters said the IPO was priced above the initial indicated range, signaling stronger-than-expected investor demand despite a subdued environment for new listings.
BitGo’s role in crypto infrastructure
Founded in 2013, BitGo provides institutional crypto custody, wallet infrastructure, and security services for digital assets. The company serves exchanges, asset managers, and institutional clients seeking regulated storage and settlement solutions.
BitGo has positioned itself as a key infrastructure provider for institutional participation in digital asset markets.
Market context
The IPO comes as investor interest in crypto-related equities shows signs of selective reopening, following a prolonged slowdown in listings across the sector.
Market participants have been watching crypto infrastructure firms closely as potential bellwethers for renewed capital-markets activity tied to digital assets.
