Crypto Firm BitGo Targets Nearly $2 Billion Valuation in US IPO Filing

In brief

  • BitGo filed for its IPO with the SEC on Monday, with an expected offering date of January 21.
  • The firm is offering around 11.8 million shares at $15-17, which could raise up to $200 million at up to a nearly $2 billion valuation.
  • BitGo’s platform is home to more than $104 billion in digital assets.

Crypto wallet and custody provider BitGo filed for its U.S. initial public offering on Monday, seeking to raise as much as $200 million in an offering that could value the firm as high as nearly $2 billion. 

The Palo Alto, California-based firm intends to offer around 11.8 million shares of Class A common stock at $15-17 per share, according to the filing. Shares will trade under the BTGO ticker via the New York Stock Exchange.

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