BitGo aims to raise $201 million in IPO targeting $1.85 billion valuation

2026-01-12 17:20:09

Source: CryptoNewsNet Original Title: BitGo aims to raise $201 million in IPO targeting $1.85 billion valuation Original Link: https://cryptonews.net/news/finance/32264246/ Crypto custodian BitGo is looking to raise up to $201 million in its public market debut, setting a valuation of approximately $1.85 billion, the midpoint of its offering range.

The Silicon Valley-based firm, whose services include self-custody wallets, regulated trust services and prime brokerage, said it plans to sell 11 million shares at $15 to $17 each in the initial public offering. Another 821,595 shares are offered by insiders.

That puts BitGo, which filed to go public in September, in line for $156.4 million in net proceeds if the shares price at the midpoint. The IPO follows initial listings from a number of other crypto companies, among them CoinDesk’s parent company Bullish, stablecoin issuer Circle Internet, crypto exchange Gemini Space Station, and financial services firm Figure.

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