BitGo IPO
- Jan 23
- 1 min read
Overview: What Happened
BitGo Holdings, Inc. — a major digital-asset custody and infrastructure firm — has officially gone public on the New York Stock Exchange (NYSE) under the ticker BTGO. This is one of the first major pure crypto infrastructure company IPOs in 2026 and is widely seen as a bellwether for institutional interest in regulated crypto services.
IPO Pricing & Valuation
Offering Details
IPO price: $18 per share — higher than the originally marketed range of $15–$17.
Shares sold: ~11.8 million Class A shares.
Gross proceeds raised: ~$212.8 – $213 million.
Post-IPO valuation: ~$2.1 – $2.6 billion depending on share price movements.
The strong pricing and valuation — above expectations — signal robust institutional appetite for regulated crypto infrastructure exposure.
First Day Trading Performance
Market debut highlights:
BitGo stock opened sharply higher, above the $18 IPO price (e.g., ~$22.43) before settling.
Shares gained roughly 20–25% on the first day of trading.
This performance positions BitGo’s listing as one of the strongest recent crypto-sector IPOs and a “reopening” of the crypto public markets after a muted 2025.