BitGo Targets Nearly $2 Billion Valuation in US IPO Filing

• BitGo has filed for a U.S. IPO aiming to raise up to $201 million.
• The offering targets a fully diluted valuation of up to $1.96 billion.
• Shares are set to list on the NYSE under ticker BTGO.
• Goldman Sachs and Citigroup lead the underwriting syndicate.
• The move follows a 2025 revenue surge and over $90 billion in assets under custody.

Digital asset custody giant BitGo has officially filed for a U.S. initial public offering, seeking to capitalize on renewed investor interest in crypto infrastructure. The Palo Alto-based firm aims to raise as much as $201 million through the sale of Class A common stock, implying a fully diluted valuation approaching $1.96 billion, according to multiple reports.

The filing, made public on January 12, marks one of the first major crypto-related listings of 2026. BitGo is offering approximately 11.8 million shares priced between $15 and $17, with an additional option for underwriters to purchase more shares. Lead bookrunners include Goldman Sachs and Citigroup, underscoring Wall Street support for regulated crypto service providers.

BitGo’s business has benefited from surging institutional adoption, with the company reporting significant revenue growth in 2025 and managing billions in digital assets for clients. The IPO comes after a private valuation of $1.75 billion in 2023 and follows successful public debuts by peers like Circle.

While the offering tests market appetite for fee-based crypto infrastructure amid high bitcoin prices, analysts note risks from regulatory shifts and market volatility. The proposed NYSE listing under BTGO remains subject to SEC review and prevailing conditions.

The deal could provide liquidity for early backers and fuel further expansion in custody, wallet, and brokerage services, positioning BitGo as a bellwether for institutional crypto plays in 2026.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.