BitGo Kicks Off Public Offering as It Seeks NYSE Debut as BTGO

Source: CryptoNewsNet Original Title: BitGo Kicks Off Public Offering as It Seeks NYSE Debut as BTGO Original Link: BitGo Holdings, the Palo Alto-based digital asset infrastructure firm, launched an initial public offering on Monday, placing 11,821,595 shares of its Class A common stock before public investors. BitGo is offering 11,000,000 shares while certain existing stockholders plan to sell 821,595 shares.

The company indicated an offering price between $15 and $17 per share, with underwriters granted a 30-day option to purchase up to an additional 1,770,000 shares. BitGo plans to list its Class A common stock on the New York Stock Exchange under the ticker symbol “BTGO.”

Goldman Sachs & Co. LLC is serving as lead book-running manager, with Citigroup joining as book-running manager. Additional book-running managers include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity and Cantor.

Industry Significance

Since its founding in 2013, BitGo has positioned itself as a full-service provider for institutions entering digital assets, offering custody, wallets, staking, trading, financing and settlement services anchored in regulated cold storage. The company serves thousands of institutions, including major exchanges and platforms, and millions of investors globally.

BitGo’s IPO marks a significant moment for the crypto and fintech sector, following renewed activity among digital asset companies seeking public market access. The offering reflects growing institutional adoption of cryptocurrency infrastructure and services.