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BitGo Files for IPO Targeting $2 Billion Valuation Amid Crypto Custody Boom

BitGo Files for IPO Targeting $2 Billion Valuation Amid Crypto Custody Boom

Author:

Global Cryptocurrency

Published:

2026-01-12 16:45:02

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BTCCSquare news:

BitGo, a leading cryptocurrency custody provider, has filed for an initial public offering with plans to sell 11.8 million shares at $15-$17 apiece. The Palo Alto-based firm could raise up to $201 million, with Goldman Sachs and Citigroup managing the NYSE listing under ticker "BTGO."

The 2013-founded company has become a critical infrastructure player as institutional adoption grows. Its IPO arrives during a tentative recovery in public listings after three sluggish years, though market volatility persists from tariff disputes, government shutdowns, and AI stock corrections.

Industry observers anticipate accelerating IPO activity in 2026, particularly among crypto and fintech firms. Competitors like Kraken have already begun filing paperwork, signaling growing maturity in digital asset markets.

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