BitGo Opens 2026 with a Hot IPO Amid Crypto Market Slump
TL;DR Summary
BitGo Holdings opened its NYSE debut about 25% higher after pricing 11.8 million shares at $18, valuing the company around $2.08 billion; the IPO raised roughly $198.5 million with Goldman Sachs and Citigroup leading the deal. BitGo, which provides wallets, validation, trading and custody for digital assets, arrived as the crypto market showed weakness (bitcoin trading below $90,000), signaling robust investor appetite for crypto infrastructure despite broader uncertainty. BitGo also stated it has regulatory approval to convert BitGo Trust Co. to a federally chartered bank for digital assets, underscoring regulatory clarity as Kraken and others eye IPOs.
Topics:business#bitgo#btgo#correction-please-ignore-the-extra-tag#digital-assets#industries#initial-public-offering#ipo#note-only-five-allowed-so-this-may-exceed
- BitGo’s stock leaps out of the gate, as IPO investors are undeterred by bitcoin’s selloff MarketWatch
- BitGo Is Said to Price US IPO at $18 Per Share, Above Range Bloomberg
- BitGo prices IPO at $18, pitching custody growth over crypto trading swings CoinDesk
- BitGo valued at $2B in U.S. IPO Axios
- BitGo Holdings Announces Pricing of Initial Public Offering Business Wire
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