The IPO plan for cryptocurrency custodian BitGo has taken another step forward. According to the latest disclosed regulatory documents, BitGo is preparing to list on the New York Stock Exchange under the ticker symbol "BTGO," with a fundraising target set at up to $201 million.

Regarding the transaction details, BitGo, along with some existing shareholders, plans to release a total of 11.8 million shares, with an expected offering price ranging between $15 and $17 per share. This price range reveals market expectations for the valuation of this crypto custody company.

It is worth noting that this IPO is led by two major financial institutions—Goldman Sachs and Citigroup—as lead underwriters, indicating the scale and importance of the project. As a key player in the industry providing digital asset custody services, going public signifies another step forward in the compliance process of cryptocurrency infrastructure. For investors looking to enter this field, the next focus will be on the company's performance once it is truly listed.