BitGo priced its IPO at $18, raising $212.8 million and valuing the firm over $2 billion.

BitGo Holdings priced its IPO at $18 per share, above the $15–$17 range, raising $212.8 million and valuing the company at over $2 billion. The Palo Alto-based digital asset custodian is listing on the NYSE under ticker BTGO, with Goldman Sachs and Citigroup as lead underwriters. The company, founded in 2013, reported $6.1 billion in revenue for fiscal 2025 and $90.3 billion in assets under management, with subscription revenue up 56% year-over-year. Despite $16.09 billion in total revenue in 2025, core operating profits remain modest due to high costs. The IPO marks the first crypto firm debut in 2026 and reflects growing institutional interest in blockchain infrastructure.