The institutional cryptocurrency custody platform BitGo is moving forward with plans to go public on the New York Stock Exchange, targeting a fundraising goal of $210 million. The offering will comprise 11.8 million shares, priced between $15 and $17 per share.
Goldman Sachs and Citigroup have been enlisted as lead underwriters for the listing, signaling strong institutional backing for the digital asset management sector. This IPO represents a milestone moment for crypto infrastructure platforms seeking mainstream financial market validation.
The move underscores growing confidence among traditional financial institutions in the maturity and regulatory trajectory of the digital asset industry, particularly within custody and asset management solutions.
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governance_lurker
· 21h ago
BitGo is going public, with Goldman Sachs and Citigroup involved. This time, it's really entering mainstream finance.
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UncommonNPC
· 01-14 11:29
BitGo going public? Alright, let's see how Wall Street handles this.
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PositionPhobia
· 01-12 18:04
BitGo going public? Wait, this really means entering traditional finance... Goldman Sachs and Citigroup are here, this is getting interesting.
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Honestly, the IPO price range looks quite conservative. Are they aiming for a steady approach or is there another consideration?
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What does it mean for custody to go public? It shows that big institutions are really starting to trust this system.
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A financing amount of 20 billion... Could this be the prelude to another wave of retail investors getting cut? Who knows.
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I want to see whether these traditional financial giants are genuinely optimistic or just following the trend to make a quick profit.
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Moving from the crypto world to Nasdaq, the times have changed.
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ThreeHornBlasts
· 01-12 17:57
BitGo has gone public, our industry is finally being recognized by Wall Street.
Goldman and Citi are stepping in; this time, it's for real.
Wait, $15-17, feels like the pricing is a bit conservative?
The story of the exchanges is over; now it's time for infrastructure... the era has changed.
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CryptoGoldmine
· 01-12 17:57
BitGo's IPO pace is quite good, with a financing volume of 21 billion USD looking stable. The key is that the backing of Goldman Sachs and Citibank means you all understand what it signifies.
Institutional finance is truly starting to enter the scene, not just talk. This signal is more interesting than the financing figures themselves.
From the perspective of the computing network, the maturity of the infrastructure layer directly affects ecosystem efficiency. BitGo taking this step indicates that the ROI cycle for custody has been validated.
Goldman and Citi wouldn't invest such a large amount just for hype. This is formal recognition from traditional finance of our industry, though most people haven't realized it yet.
The technological iteration and profitability of custody platforms are the real core competitiveness; the amount of financing is secondary.
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AirdropHunterZhang
· 01-12 17:52
Goldman Sachs and Citigroup are backing it, this time BitGo is really about to take off.
BitGo Pursues Major US Public Market Debut
The institutional cryptocurrency custody platform BitGo is moving forward with plans to go public on the New York Stock Exchange, targeting a fundraising goal of $210 million. The offering will comprise 11.8 million shares, priced between $15 and $17 per share.
Goldman Sachs and Citigroup have been enlisted as lead underwriters for the listing, signaling strong institutional backing for the digital asset management sector. This IPO represents a milestone moment for crypto infrastructure platforms seeking mainstream financial market validation.
The move underscores growing confidence among traditional financial institutions in the maturity and regulatory trajectory of the digital asset industry, particularly within custody and asset management solutions.