Crypto custodian BitGo Holdings Inc priced its U.S. initial public offering at $18 per share, above its previously marketed range of $15 to $17, the company announced Wednesday. The pricing sets its offering at roughly $212.8 million, suggesting a valuation of over $2 billion.
The offering comprises 11,821,595 Class A common shares, with 11,026,365 being offered by BitGo directly and 795,230 sold by certain existing stockholders, according to its statement. BitGo also granted underwriters a 30-day option to purchase up to 1.77 million additional shares.
Trading is expected to begin Jan. 22 on the New York Stock Exchange under the ticker “BTGO.” The offering is set to close on Jan. 23, subject to customary conditions. Its lead book-running managers include Goldman Sachs and Citigroup, supported by a syndicate of global financial firms.
The stronger-than-expected pricing reflects robust institutional interest in crypto infrastructure firms. BitGo’s IPO marks the first major crypto-related listing in 2026.
Founded in 2013, BitGo has carved out a reputation as one of the largest crypto custodians in the U.S., managing $104 billion in assets on its platform, according to its website. Its services span custody, wallets, staking, and settlement.
The IPO also comes as the U.S. crypto regulatory conditions start to stabilize. In December 2025, BitGo received conditional approval for a U.S. banking charter alongside Ripple and Circle, paving the way for the companies to operate as federally regulated trust banks in the country.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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