BitGo prices IPO at $18…to raise $212.8 million in U.S. listing

Digital-asset custodian BitGo (BitGo) has set its IPO price ahead of a U.S. stock market listing at a level above the previously indicated range.

According to The Block on the 21st (local time), BitGo Holdings said it has priced its initial public offering (IPO) at $18 per share. This is above the previously proposed IPO price band of $15 to $17. Through the IPO, BitGo will raise about $212.8 million, and its post-listing valuation is estimated to exceed $2 billion.

The offering consists of 11,821,595 shares of Class A common stock. Of these, 11,026,365 shares will be newly issued by BitGo, while existing shareholders will sell 795,230 shares. BitGo also granted the underwriters a 30-day over-allotment option to purchase up to an additional 1.77 million shares.

BitGo shares are set to begin trading on the New York Stock Exchange (NYSE) under the ticker symbol 'BTGO' starting on the 22nd. The offering process is scheduled to be completed on the 23rd, with Goldman Sachs and Citigroup serving as lead underwriters.

Market participants cite still-robust institutional demand for digital-asset infrastructure companies as a key factor behind the pricing above the top end of the range. BitGo’s IPO is the first major listing in the digital-asset industry in 2026.

Founded in 2013, BitGo provides institutional digital-asset infrastructure services including custody, wallets, staking, and payments and settlement, and currently oversees about $104 billion in assets. In December 2025, BitGo received conditional approval for a U.S. banking charter alongside Ripple and Circle.