Source: CryptoNewsNet
Original Title: BitGo seeks up to $1.9B valuation in planned NYSE debut
Original Link:
Overview
Crypto custodian BitGo is seeking to raise as much as $201 million through the sale of 11.8 million shares, which could give the company a valuation of $1.9 billion, according to a new SEC filing.
Offering Details
The offering, which includes 11 million shares sold by the company and additional shares from existing stockholders, will take place on the New York Stock Exchange, where the firm plans to list under the ticker symbol BTGO.
Use of Funds
BitGo plans to use proceeds for:
Working capital
Product development
Potential acquisitions or investments
Regulatory Milestone
The company recently received conditional approval from the Office of the Comptroller of the Currency (OCC) to convert its state charter into a federal charter, enabling it to operate under a unified set of federal regulations nationwide.
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BitGo seeks up to $1.9B valuation in planned NYSE debut
Source: CryptoNewsNet Original Title: BitGo seeks up to $1.9B valuation in planned NYSE debut Original Link:
Overview
Crypto custodian BitGo is seeking to raise as much as $201 million through the sale of 11.8 million shares, which could give the company a valuation of $1.9 billion, according to a new SEC filing.
Offering Details
The offering, which includes 11 million shares sold by the company and additional shares from existing stockholders, will take place on the New York Stock Exchange, where the firm plans to list under the ticker symbol BTGO.
Use of Funds
BitGo plans to use proceeds for:
Regulatory Milestone
The company recently received conditional approval from the Office of the Comptroller of the Currency (OCC) to convert its state charter into a federal charter, enabling it to operate under a unified set of federal regulations nationwide.