Crypto custodian BitGo sets $15–$17 range, eyes $1.96b valuation
Crypto custody firm BitGo has finalized the key terms of its planned U.S. initial public offering, signaling renewed confidence in the public markets for digital-asset companies. The firm aims to raise as much as $201 million by offering its shares at a price range of $15 to $17 each. This move places BitGo among a growing list of crypto-related firms exploring public listings after a prolonged slowdown caused by market volatility and regulatory uncertainty.
At the upper end of the price range, BitGo’s IPO would value the company at approximately $1.96 billion. Such a valuation would serve as an important test of investor appetite for crypto infrastructure businesses, especially as IPO activity shows signs of recovery. A successful listing could encourage other blockchain and digital-asset firms to pursue public offerings, reinforcing the broader rebound in capital markets and highlighting improving sentiment toward the crypto sector.
Offer details and valuation
BitGo and certain existing shareholders plan to sell 11.8 million shares. Based on the outstanding share count disclosed in its filing, pricing at $17 implies a market value near $1.96 billion. The company expects to list on the NYSE under the ticker BTGO with Goldman Sachs as lead bookrunner and Citigroup among the underwriters.
What BitGo does
Founded in 2013 and headquartered in Palo Alto, California, BitGo provides institutional digital-asset custody and related services. Custody has grown in importance as more asset managers and corporates seek regulated storage and controls for crypto holdings. Earlier coverage noted BitGo’s rapid revenue growth in 2025 alongside a prior private valuation of $1.75 billion in 2023.
Market backdrop
The IPO market showed renewed momentum through 2025 and into early 2026 despite macro headwinds, supporting new issuance from tech and fintech names. Analysts expect another busy calendar this year if equity conditions hold.
BitGo IPO valuation $1.96 billion in context
If priced at the top end, BitGo’s valuation would exceed its 2023 private round and align with investor interest in crypto “picks-and-shovels” plays such as custody and market infrastructure, which may be less sensitive to token price swings than trading venues. Recent reports suggest other crypto firms are also pursuing listings, underscoring sector-wide reopening of capital markets.
Tracking the BitGo IPO valuation $1.96 billion through pricing
Investors typically monitor SEC filings, underwriter updates, and indicative order books during marketing. Final valuation depends on institutional demand, peer comps, growth metrics, and market conditions up to pricing day.
Context & Analysis
BitGo’s offering comes as public-market appetite improves for profitable or cash-generative fintech and infrastructure names. A successful debut could set a reference point for other crypto custodians and exchanges monitoring conditions. However, valuation remains sensitive to market volatility and regulatory news flow.
Concluding Remarks
BitGo is preparing for a planned listing on the New York Stock Exchange, with the goal of raising up to $201 million through its initial public offering. If priced at the higher end of the expected range, the crypto custody firm could achieve a valuation close to $2 billion, marking a significant milestone for the company and the broader digital-asset infrastructure space.
The success of the offering will largely depend on investor demand during the bookbuilding process, as well as overall market conditions. Broader equity-market sentiment and risk appetite in the days leading up to the IPO will play a key role in determining the final pricing and execution.
FAQs
Q : What is BitGo’s target valuation?
A : Up to $1.96 billion at the top of the proposed price range.
Q : How much is BitGo aiming to raise?
A : Up to $201 million through the sale of 11.8 million shares.
Q : Where will BitGo trade and under what ticker?
A: On the NYSE under the ticker BTGO.
Q : Who are the lead underwriters?
A : Goldman Sachs is the lead bookrunner, with Citigroup among the bookrunners.
Q : When will the IPO price be set?
A : At the end of the roadshow, based on investor demand and market conditions.
Q : How does this compare with BitGo’s prior valuation?
A : BitGo was valued at $1.75 billion in its 2023 funding round; the IPO could mark an increase.
Q : Does this FAQ include the exact primary keyword?
A : Yes, BitGo IPO valuation $1.96 billion is the targeted valuation per filings.
Facts
Event
BitGo sets IPO terms for U.S. listingDate/Time
2026-01-12T22:00:00+05:00Entities
BitGo, Inc.; New York Stock Exchange (NYSE); Goldman Sachs; CitigroupFigures
11.8m shares; $15–$17 range; up to $201m proceeds; implied valuation up to $1.96bQuotes:
Sources
Reuters (https://www.reuters.com/technology/crypto-custody-startup-bitgo-aims-raise-about-201-million-us-ipo-2026-01-12/), Bloomberg (https://www.bloomberg.com/news/articles/2026-01-12/crypto-wallet-firm-bitgo-backers-seek-201-million-in-us-ipo)