BitGo Holdings, a leading cryptocurrency custody company, has announced the launch of its initial public offering (IPO) in a filing with the US Securities and Exchange Commission (SEC). This move marks a significant milestone for the company, which has been providing secure storage and management solutions for digital assets since 2013.<\/p>\n
In a Form S-1 filed with the SEC, BitGo revealed that the offering will include 11 million shares of Class A common stock issued by the company, along with 821,595 shares offered by existing stockholders. The company announced the launch of the offering on Monday, with an expected price range of $15 to $17 per share, which could raise as much as $201 million, with total shares offered amounting to roughly 11.8 million.<\/p>\n
BitGo\u2019s IPO launch follows its initial Form S-1 filing with the SEC in September 2025, when the company first signaled its intention to go public on the New York Stock Exchange (NYSE) under the ticker \u201cBTGO.\u201d With over $90 billion in assets under custody, BitGo has established itself as a major player in the cryptocurrency space, providing institutional-grade storage and management solutions for digital assets.<\/p>\n
For the IPO, BitGo has engaged several major US investment banks as lead underwriters, including Goldman Sachs as the lead book-running manager and Citigroup as a book-running manager. Additional book-running managers include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity, and Cantor. Co-managers for the offering are Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi.<\/p>\n
Source: SEC<\/p>\n
BitGo\u2019s IPO launch comes as the company has amassed more than $90 billion in assets under custody since it launched its platform in 2013. The company is reportedly targeting a valuation of up to $1.96 billion through the offering. This significant valuation reflects the growing demand for secure and reliable cryptocurrency storage and management solutions, particularly among institutional investors.<\/p>\n
\u201cA registration statement relating to the Class A common stock has been filed with the SEC but has not yet become effective,\u201d BitGo said in the announcement. It added that shares of Class A common stock may not be sold, nor may offers to buy be accepted, before the time the registration statement becomes effective.<\/p>\n
BitGo\u2019s IPO launch is part of a broader trend of cryptocurrency companies going public, as the industry continues to mature and gain mainstream recognition. For example, Ripple, another major player in the cryptocurrency space, has also considered going public, although its president has stated that the company still plans to remain private.<\/p>\n