BitGo shares enjoy modest pop on first trading day as crypto IPO parade resumes
Just about four weeks into 2026, and the crypto industry has its first IPO on the board. BitGo, one of the oldest brands in crypto, listed its shares at $18, raising over $212 million. Shares rose in early trading, hitting an intra-day high of nearly $24 before settling closer to $20 closer to the end of the trading day.
BitGo, headquartered in Palo Alto, provides custody and related services for big crypto investors, and its valuation at listing was slightly over $2 billion.
A flurry of crypto companies went public in 2025, as Trump embraced more favorable policies toward the sector. Stablecoin issuer Circle and the crypto exchange Gemini were among the most notable crypto IPOs last year. They went public when cryptocurrencies…
