BitGo Launches U.S. IPO Initiative
BitGo, a leading cryptocurrency custodian, has filed for an initial public offering (IPO) in the United States. The company plans to issue 11.8 million shares priced between $15 and $17 per share, aiming to raise up to approximately $201 million.
Industry Position and Background
Established in 2013, BitGo has become one of the largest digital asset custodians in the U.S. This IPO represents a strategic milestone in its journey to strengthen the cryptocurrency financial infrastructure landscape.
Key IPO Details and Strategic Outlook
The offering will be listed on the New York Stock Exchange under the ticker symbol “BTGO.” Goldman Sachs and Citigroup are serving as the joint underwriters for the offering.
- Number of shares offered: 11.8 million
- Price range per share: $15 to $17
- Maximum fundraising target: $201 million
- Ticker symbol: BTGO
- Listing venue: New York Stock Exchange
This IPO is expected to enhance BitGo’s financial position and could potentially catalyze further growth in the crypto custodial services sector.