BitGo Plans IPO Valued at $1.96 Billion
- BitGo aims to raise approximately $201 million by offering 11.8 million shares priced between $15 and $17 each.
- The company is seeking a valuation of up to $1.96 billion in its initial public offering.
- Goldman Sachs and Citigroup are the lead underwriters for the IPO.
- BitGo manages tens of billions in assets for various financial entities, focusing on secure custody solutions.
The IPO will be listed on the New York Stock Exchange under the ticker “BTGO.” BitGo’s business model emphasizes compliance and security, appealing to institutional clients needing regulated services in crypto custody and management.
This IPO could provide insight into how public markets value crypto infrastructure compared to trading platforms, marking a significant moment for the industry. (Source)
