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BitGo Targets $1.96B Valuation in Upcoming IPO Amid Crypto Custody Boom

BitGo Targets $1.96B Valuation in Upcoming IPO Amid Crypto Custody Boom

Author:

Global Cryptocurrency

Published:

2026-01-13 08:48:02

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BTCCSquare news:

Crypto custody firm BitGo announced plans for a U.S. IPO seeking a $1.96 billion valuation, offering 11.8 million shares at $15-$17 apiece to raise $201 million. The MOVE follows successful public debuts by Circle and Bullish in 2025, signaling renewed institutional confidence in digital asset infrastructure.

Founded in 2013, BitGo has become a critical player in secure storage solutions as institutional crypto adoption grows. The IPO arrives despite market headwinds: October's $20 billion long squeeze and tech/AI valuation pressures have tempered risk appetite. "We're seeing a flight to quality," notes IPOX analyst Lukas Muehlbauer.

The listing will test investor appetite for crypto-adjacent equities as competitors like Kraken prepare their own public offerings. BitGo's custody focus positions it as a beneficiary of bitcoin ETF inflows and regulatory clarity.

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