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US crypto custody firm BitGo raises $212.8m in IPO

BitGo priced its US IPO at US$18 per share, above its initial marketing range of US$15 to US$17, valuing the offering at around US$212.8 million.

The IPO includes 11.8 million Class A shares, with 11 million offered by BitGo and around 795,000 sold by existing shareholders.

Underwriters have a 30-day option to purchase up to 1.77 million additional shares.

The offering is expected to close on January 23, 2026.

Goldman Sachs and Citigroup lead the underwriting syndicate.

🔗 Source: The Block

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