BitGo Launches IPO Targeting $1.96B Valuation

BitGo Holdings, a serious cryptocurrency custody firm, introduced the launch of its preliminary public providing (IPO) in a submitting with the US Securities and Change Fee (SEC).

In a Kind S-1 filed with the SEC, BitGo stated the providing will embrace 11 million shares of Class A standard inventory issued by the corporate, together with 821,595 shares provided by present stockholders. The corporate introduced the launch of the providing on Monday.

Primarily based on an anticipated worth vary of $15 to $17 per share, the IPO may elevate as a lot as $201 million, with complete shares provided amounting to roughly 11.8 million.

This announcement follows BitGo’s preliminary Kind S-1 submitting with the SEC in September 2025, when the corporate first signaled its intention to go public on the New York Inventory Change (NYSE) underneath the ticker “BTGO.”

$1.96 billion valuation and greater than $90 billion in belongings underneath custody

BitGo’s IPO launch comes as the corporate has amassed greater than $90 billion in belongings underneath custody because it launched its platform in 2013. The corporate is reportedly focusing on a valuation of as much as $1.96 billion by way of the providing.

For the IPO, BitGo has engaged a number of main US funding banks as lead underwriters, together with Goldman Sachs because the lead book-running supervisor and Citigroup as a book-running supervisor.

Extra book-running managers embrace Deutsche Financial institution Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity and Cantor. Co-managers for the providing are Clear Road, Compass Level, Craig-Hallum, Rosenblatt, Wedbush Securities and SoFi.

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“A registration assertion regarding the Class A standard inventory has been filed with the SEC however has not but turn into efficient,” BitGo stated within the announcement.

It added that shares of Class A standard inventory might not be bought, nor might gives to purchase be accepted, earlier than the time the registration assertion turns into efficient.