BitGo Tops IPO Range at $18, Aims to Raise $212.8M

Key Highlights

BitGo priced its IPO at $18 per share, above expectations, aiming to raise about $212.8 million.
The crypto custodian will list on January 22, becoming one of the first major crypto-related public offerings of 2026.
BitGo’s IPO is being led by Goldman Sachs and Citigroup, with SEC approval granted on January 21.

Crypto infrastructure company BitGo successfully priced its Initial Public Offering (IPO) at $18 per share, surpassing its expected range of $15–$17. BitGo’s debut will mark the first major crypto-infrastructure IPO of 2026, signaling strong institutional appetite for regulated “picks and shovels” companies despite ongoing volatility in the underlying token markets.

According to the company’s press release, BitGo’s shares are expected to begin trading on the New York Stock Exchange (NYSE) on January 22 under the ticker symbol BTGO.

The offering includes 11,821,595 shares of Class A stock. About 11,026,365 shares are newly issued by BitGo, which could raise roughly $212.8 million at the $18 IPO price. Existing shareholders are selling 795,230 shares; BitGo gets no proceeds.

BitGo will not receive any proceeds from the sale of shares by early investors. Underwriters have also been granted a 30-day option to purchase up to 1.77 million additional shares if demand remains strong.

Deal managers and regulatory clearance

The IPO is being led by Goldman Sachs, with Citigroup also acting as a book-running manager. Several other major financial firms, including Deutsche Bank, Mizuho, Wells Fargo Securities, Stifel, Canaccord Genuity, and Cantor, are also helping manage the offering.

Firms such as Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi are participating as co-managers.

BitGo said its registration statement was declared effective by the U.S. Securities and Exchange Commission (SEC) on January 21, 2026.

The company added that the offering is being made through an official prospectus available via the SEC’s EDGAR system and the banks involved in the deal. It also emphasized that the announcement does not constitute an offer to sell or a solicitation to buy securities

About BitGo and the bigger picture

Founded in 2013, BitGo is best known as a crypto custodian, providing services such as digital asset custody, wallets, staking, and settlement. The company says it oversees more than $100 billion in assets for exchanges, funds, and institutional clients. At the IPO price, BitGo’s valuation is estimated to be above $2 billion.

Furthermore, the listing comes as the U.S. regulatory environment for crypto continues to evolve. In December 2025, BitGo received conditional approval for a U.S. banking charter, alongside Ripple and Circle, which could eventually allow it to operate as a federally regulated trust bank.

BitGo’s market debut arrives as investors cautiously re-enter the crypto sector after years of volatility, security incidents, and regulatory scrutiny. Its performance as a public company will be closely watched as a measure of confidence in crypto infrastructure firms.

BitGo’s listing also comes as crypto companies continue to test public market appetite. In the U.S., a new company backed by crypto exchange Kraken has filed to go public. The firm, KRAK Acquisition Corp, is planning to raise up to $250 million through an IPO.