Core Viewpoint - BitGo is aiming to raise up to $201 million in its initial public offering (IPO), with a valuation of approximately $1.85 billion, based on the midpoint of its offering range [1] Group 1: IPO Details - The company plans to sell 11 million shares priced between $15 to $17 each in the IPO, as per an updated filing with the U.S. Securities and Exchange Commission [2] - An additional 821,595 shares are being offered by insiders [2] - If shares are priced at the midpoint, BitGo is set to receive $156.4 million in net proceeds from the IPO [3] Group 2: Financial Performance - Revenue surged to nearly $10 billion in the first nine months of 2025, up from $1.9 billion during the same period the previous year, primarily due to high-volume trading and digital asset settlement services [4] - The net income for the first nine months of 2025 reached $35.3 million, an increase from $21.2 million in the prior year [4] Group 3: Regulatory Developments - BitGo has recently received conditional approval from U.S. regulators to operate as a national trust bank, which may enable it to qualify as a stablecoin issuer under the new federal GENIUS Act [5]