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BitGo Stock Plunges Below IPO Price on Second Day of Trading
Yahoo Finance· 2026-01-23 21:21
Crypto firm BitGo, the industry's first initial public offering of 2026, saw its share price drop nearly 22% on its second day of trading on the New York Stock Exchange, dropping below the offering price. BitGo, which trades under the BTGO ticker, closed the week at $14.50 after making its debut on Thursday for $18 per share. The opening price was above the marketed range of $15 to $17 per share. The company raised more than $212 million at a valuation of just over $2 billion. The second-day drop for BT ...