BitGo launches IPO after raising $213M in New York listing

Crypto custodian BitGo said it raised $212.8 million in its initial public offering, valuing the company at more than $2 billion.

The company sold 11.8 million shares at $18 each, pricing above its marketed range, according to its announcement.

BitGo began trading on the New York Stock Exchange on Thursday under the ticker symbol BTGO.

The listing is seen as the opening move in what is expected to be a strong year for crypto-related IPOs.

BitGo first revealed plans to go public in September 2025 following listings by other major digital asset firms.

Founded in 2013, BitGo provides digital asset custody services to large institutional and decentralised finance clients.

The firm last year was selected to custody a stablecoin for World Liberty Financial, a DeFi project backed by Donald Trump.

Data from DefiLlama showed digital asset companies raised $3.4 billion through IPOs in the previous year.

The surge in listings comes as US regulators adopt a more accommodating stance towards the crypto sector under President Donald Trump.

Several lawsuits against major crypto firms have been dropped since the administration took office.

Other crypto companies expected to pursue IPOs this year include Kraken, Consensys and Ledger, according to regulatory filings.