BitGo Launches IPO Concentrating on $1.96B Valuation

BitGo Holdings, a significant cryptocurrency custody firm, introduced the launch of its preliminary public providing (IPO) in a submitting with the US Securities and Alternate Fee (SEC).

In a Type S-1 filed with the SEC, BitGo mentioned the providing will embody 11 million shares of Class A typical inventory issued by the corporate, together with 821,595 shares supplied by current stockholders. The corporate introduced the launch of the providing on Monday.

Primarily based on an anticipated value vary of $15 to $17 per share, the IPO may increase as a lot as $201 million, with whole shares supplied amounting to roughly 11.8 million.

This announcement follows BitGo’s preliminary Type S-1 submitting with the SEC in September 2025, when the corporate first signaled its intention to go public on the New York Inventory Alternate (NYSE) beneath the ticker “BTGO.”

$1.96 billion valuation and greater than $90 billion in belongings beneath custody

BitGo’s IPO launch comes as the corporate has amassed greater than $90 billion in belongings beneath custody because it launched its platform in 2013. The corporate is reportedly concentrating on a valuation of as much as $1.96 billion via the providing.

For the IPO, BitGo has engaged a number of main US funding banks as lead underwriters, together with Goldman Sachs because the lead book-running supervisor and Citigroup as a book-running supervisor.

Extra book-running managers embody Deutsche Financial institution Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity and Cantor. Co-managers for the providing are Clear Avenue, Compass Level, Craig-Hallum, Rosenblatt, Wedbush Securities and SoFi.

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“A registration assertion referring to the Class A typical inventory has been filed with the SEC however has not but change into efficient,” BitGo mentioned within the announcement.

It added that shares of Class A typical inventory will not be offered, nor could gives to purchase be accepted, earlier than the time the registration assertion turns into efficient.