Crypto firm BitGo eyes $1.96bn valuation in US IPO
By Prakhar Srivastava
Crypto custody start-up BitGo said on Monday it was targeting a valuation of up to $1.96bn in its US initial public offering (IPO), seeking to tap into the investor appetite for crypto firms.
The Palo Alto, California-based firm and some of its existing shareholders are looking to raise as much as $201m by offering 11.8-million shares priced at $15-$17 each.
The US IPO market regained momentum in 2025, after nearly three years of sluggish activity, but expectations of a stronger rebound were curbed by tariff-driven volatility, a prolonged government shutdown and a late-year sell-off in AI stocks.
Analysts expect the IPO market to continue on its recovery path in 2026 with more crypto and fintech firms…
