BitGo launched a roadshow for an initial public offering (IPO) on Monday, seeking a valuation of up to $1.96 billion.
BitGo applied for a listing on the New York Stock Exchange with the ticker BTGO. Goldman Sachs and Citigroup serve as lead underwriters for the transaction.
The Palo Alto-based organization plans to raise up to $201 million through the sale of 11.8 million shares. The offering prices the stock between $15 and $17 per share, with existing shareholders participating in the sale alongside the issuer.
Founded in 2013, BitGo operates as a qualified custodian for institutional investors, securing cryptocurrencies for clients and providing liquidity for trading. The company reported $6.1 billion in review for the fiscal year ended June 30, 2025, with $90.3 billion assets under management.
The offering comes as analysts forecast a recovery in the IPO market for 2026. Financial technology and crypto-native firms including Revolut and PayPay plan to go public, and Kraken confidentially filed for an IPO in November. Kraken’s competitors Circle and Bullish completed stock market debuts last year.
Header image by Gorup de Besanez.
