Core Viewpoint - BitGo has set its share price for its initial public offering (IPO) at $18, raising $212.8 million and valuing the company at over $2.1 billion [1][2]. Company Overview - BitGo, founded in 2013, operates as a digital asset infrastructure provider, offering services such as custody, wallets, staking, trading, financing, stablecoins, and settlement [5]. - The IPO marks the first major crypto-related listing of 2026, with other companies like Kraken and Grayscale expected to follow [5]. IPO Details - The company will sell a total of 11,821,595 shares of Class A common stock, which includes 11,026,365 shares offered by BitGo and 795,230 shares from existing stockholders [2]. - BitGo will not receive any proceeds from the sale of shares by selling stockholders [2]. - The shares are expected to begin trading on the New York Stock Exchange under the ticker BTGO [1][3]. Underwriters - Goldman Sachs is the lead book-running manager for the offering, with Citigroup also serving in this capacity [4]. - Other book-running managers include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Stifel, Canaccord Genuity, and Cantor [4]. - Co-managers for the offering include Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi [4].
BitGo prices IPO at $18 per share, set to begin NYSE trading