Crypto asset custodian BitGo has updated its IPO registration with the U.S. SEC on January 12, 2026, revealing plans to list on the New York Stock Exchange (NYSE). The company will offer approximately 11.8 million Class A common shares at a price range of $15 to $17 per share. At the top end of the range, the maximum raise could reach $201 million. Most shares come from the company itself, with a smaller portion sold by existing shareholders; BitGo will not receive proceeds from the secondary sale. The IPO implies a valuation of up to $1.96 billion.
Listing Details: NYSE, Ticker BTGO, Goldman & Citi Lead
- Exchange: New York Stock Exchange (NYSE)
- Symbol: BTGO
- Lead underwriters: Goldman Sachs and Citigroup
The underwriting syndicate also includes several other global investment banks, signaling strong mainstream appetite for crypto infrastructure plays.
Scale: 4,600+ Institutional Clients, 1,400+ Digital Assets Covered
BitGo is one of the largest crypto custodians in the U.S., serving over 4,600 institutional clients and high-net-worth individuals, with more than 1.1 million end users across 100+ countries. The platform supports 1,400+ digital assets and offers custody, wallets, multi-signature tech, staking, trading, and settlement. It has become a key compliance gateway for institutional investors entering crypto.
S-1 Recap: H1 2025 Revenue Hit $4.19B, Quadrupled from a Year Ago
BitGo first filed its S-1 in September 2025, unveiling strong financials: revenue of approximately $4.19 billion in the first half of 2025, up nearly 4x from $1.12 billion in the same period of 2024. Assets on platform reached roughly $90.3 billion as of June 30, 2025. While net profit dipped due to higher operating costs, the growth trajectory remains steep.
The IPO marks a key milestone for crypto infrastructure's convergence with mainstream finance. With Bitcoin prices holding firm and institutional adoption accelerating, BitGo's professional custody services address the growing demand for secure, compliant digital asset management. BTGO could become the next high-profile crypto infrastructure stock after Circle and Bullish.