2026-01-12 16:25:34

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.

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TokenVelocity

· 11h ago

Goldman Sachs and Citigroup are taking the lead? This time it's really different, traditional finance also has to bow down --- $201 million funding, still a bit conservative, with BitGo's scale getting such a small amount of money... --- Price at $15-17... let's wait for the IPO to break the debut and see the show haha --- Finally, a leading player is going public in the custody sector. Looking at this pace, crypto is really becoming mainstream --- The hype before the IPO has already begun. Who knows what stories will emerge tomorrow --- Having Goldman Sachs' backing at least shows this isn't a shell, but we still need to see how it performs after going public --- Another "compliance" story... who knows how far it can really go --- Will this round of funding be used to crash the market again? I'm a bit worried

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BearMarketSurvivor

· 11h ago

Goldman Sachs and Citibank have stepped in, and the signal is strong enough. However, at the $15-17 price range... I need to see how much it can hold on the first day of trading. Market sentiment is always more unpredictable than fundamentals.

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FrontRunFighter

· 11h ago

bitgo going public with goldman and citi? lmao, watch the frontrunning circus begin. institutional money flooding in means the dark forest just got darker, fr. who's actually benefiting here tho... definitely not retail getting sandwiched on day one

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