Crypto custody startup BitGo files for IPO: How cryptocurrency public issues fared in 2025 | Business News
Cryptocurrency custodian BitGo on Monday announced plans to go public eyeing a valuation of $1.96 billion with existing investors looking to raise $201 million from the sale of 11.8 million shares.
The IPO price band has been fixed at $15-17 apiece. US investment banks Goldman Sachs and Citibank are acting as underwriters on BitGo’s IPO, according to the red herring prospectus.
The company claims to have assets worth $104 billion on its platform and hosts over 9.3 million wallets, according to its website. A crypto custody platform offers to store and protect cryptocurrency holdings for individuals and enterprises. Beyond security, custody firms can diversify into “asset servicing, lending and collateral management”, according to a…
