Company Overview - BitGo launched a roadshow for an initial public offering (IPO) seeking a valuation of up to $1.96 billion [1] - The company plans to raise up to $201 million through the sale of 11.8 million shares, pricing the stock between $15 and $17 per share [2] - Founded in 2013, BitGo operates as a qualified custodian for institutional investors, securing cryptocurrencies for clients and providing liquidity for trading [3] - The company reported $6.1 billion in revenue for the fiscal year ended June 30, 2025, with $90.3 billion in assets under management [3] Industry Context - The offering comes as analysts forecast a recovery in the IPO market for 2026, with financial technology and crypto-native firms planning to go public [4] - Competitors in the space include Revolut, PayPay, and Kraken, which has confidentially filed for an IPO [4] - Kraken's competitors Circle and Bullish completed stock market debuts last year [4]
BitGo seeks IPO at $1.96 billion valuation