BitGo's US IPO priced at $18 per share, raising $213 million, becoming the first publicly listed crypto company in 2026

TokenomicsTrapper · 2026-01-22T02:30:09+00:00

Cryptocurrency custody company BitGo is set to go public on the NYSE at a price of $18 per share, with an expected raise of $213 million and a valuation exceeding $2 billion. This is the first crypto company to complete an IPO in 2026, indicating accelerated industry compliance financing and growing demand for crypto asset management.

TokenomicsTrapper

2026-01-22 02:30:09

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【ChainWen】The leading crypto custody provider BitGo is going public in the US stock market. The IPO is priced at $18 per share, exceeding the previous estimate of $15-17. The IPO is managed jointly by Goldman Sachs and Citigroup, with BitGo and existing shareholders planning to sell a total of 11.8 million shares, raising approximately $213 million. Based on the current share issuance, the company’s valuation exceeds $2 billion. On Thursday (this Thursday), BitGo will ring the bell at the New York Stock Exchange, with the stock ticker symbol BTGO. This is the first crypto company to complete an IPO in 2026, marking an acceleration in industry compliance and financing. As an institutional-grade custody service provider, this move also reflects the continued growth in demand for crypto asset management.

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GateUser-afe07a92

· 12h ago

The probability of breaking below $18 is quite high. Goldman Sachs and Citigroup's recent actions seem a bit greedy... What does the listing of BitGo indicate? It's still those institutions fighting for influence, retail investors are bound to get cut again. Compliance is indeed progressing, but I feel a bit skeptical about the $2 billion valuation. Thursday's bell ringing? I wouldn't be surprised if it drops below $15 by then... The demand for custody services is genuinely increasing, but does going public really mean much... $213 million in funding isn't small, but I wonder how many stories are still to come. Honestly, BitGo isn't very hot right now; this IPO feels a bit dull. If it breaks below the offering price, there will be another wave of cuts. Truly exhausting.

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airdrop_huntress

· 12h ago

$18 a share? Goldman Sachs and Citigroup together are quite something, the industry is becoming more professional, it's a sign of maturity.

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BackrowObserver

· 12h ago

Our crypto circle finally has someone daring to go public, really brave BitGo's pricing this time is quite aggressive, exceeding expectations. It seems institutions are still optimistic about the custody sector A $2 billion valuation is not exaggerated but also not cheap. The future depends on performance Other projects will find it even harder to raise funds now, as compliance becomes more competitive If tomorrow's bell rings and the price drops below the issue price, I’ll die laughing. Betting a little bit

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NFTHoarder

· 12h ago

Damn, the pricing exceeded expectations directly. Goldman Sachs and Citigroup teaming up does have a sense of endorsement. The first crypto company of 2026 at the beginning of the year, this pace is a bit crazy. BitGo's recent funding of 2.13 billion dollars indeed made a quiet fortune. A valuation of 20 billion USD is also quite reasonable in the custody sector. Institutional demand is there, and once compliance is achieved, there will likely be more follow-up. Just waiting for Thursday to see the first-day performance. Whether the three letters BTGO can establish a foothold in the secondary market depends on whether the market is willing to buy in.

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