Crypto Custody Provider BitGo Files for $200 Million U.S. Listing
Crypto custody provider BitGo is pursuing a U.S. initial public offering that could value the company at up to $1.96 billion, according to a Monday filing.
The Palo Alto-based firm and existing shareholders aim to raise as much as $201 million through the sale of 11.8 million shares priced between $15 and $17 each. Goldman Sachs and Citigroup are leading the offering, which will list on the New York Stock Exchange under the ticker “BTGO,” Reuters reported.
Founded in 2013, BitGo provides storage and security services for institutional digital assets, a function that has become increasingly critical as traditional financial institutions expand into cryptocurrency markets.
The filing adds to a growing pipeline of crypto companies…
