BitGo Holdings Inc., a US-based crypto custody company, officially listed on the New York Stock Exchange. The IPO price, which exceeded market expectations, demonstrates institutional investors' strong confidence in crypto infrastructure companies.
BitGo priced at $18 per share, above the expected range.
BitGo announced on Wednesday (January 22) that its initial public offering (IPO) was priced at $18 per share, significantly higher than the previously announced pricing range ($15 to $17). This brings BitGo's total fundraising to approximately $212.8 million, and its overall valuation to over $2 billion.
Nearly 12 million shares were issued, including some shares held by existing shareholders.
The IPO issued a total of 11,821,595 Class A ordinary shares, of which 11,026,365 were issued by BitGo itself, and the remaining 795,230 were sold by existing shareholders. In addition, BitGo granted the underwriters a 30-day option to purchase up to an additional 1.77 million shares.
It will be listed under the code name "BTGO" and boasts a strong underwriting lineup.
BitGo is expected to officially list on the New York Stock Exchange (NYSE) on January 22, with the stock symbol BTGO. The offering is expected to close on January 23, subject to customary conditions.
The lead underwriters for the IPO include Goldman Sachs and Citigroup, in addition to a team of global financial institutions that participated in the underwriting, providing funding and market support for BitGo's public listing.
Investors responded enthusiastically, reflecting the growing interest in crypto infrastructure.
BitGo's higher-than-expected IPO pricing demonstrates that despite ongoing regulatory and price volatility challenges in the crypto market, institutional investors remain optimistic about the long-term potential of crypto infrastructure companies. This IPO also marks the first significant crypto listing of 2026, serving as a bellwether.
With $10 billion in assets under custody, BitGo firmly holds its position as the leading cryptocurrency custody provider in the United States.
Founded in 2013, BitGo is now one of the largest cryptocurrency custody companies in the United States, managing $104 billion in assets according to its website. Its services include:
- Crypto asset custody (custody)
- Hot wallet and cold wallet services (wallets)
- Staking
- Settlement
These services make BitGo an important partner for institutional clients, especially in the crypto space where security and compliance requirements are high, where BitGo's role is becoming increasingly important.
A more stable regulatory environment in the United States is conducive to future development.
BitGo's IPO coincided with a period of increasing clarity in the US crypto regulatory environment. In December 2025, BitGo received conditional approval for a banking license from US banking regulators, joining Ripple and Circle in achieving this status, paving the way for further expansion of its financial services. This move allows BitGo to potentially transform into a federally regulated trust bank, significantly enhancing its legitimacy and market trust.
This article, "BitGo's High-Priced IPO Raises Over $200 Million, Becoming the First Major Crypto Company IPO of 2026," first appeared on ABMedia, a ABMedia .
