BitGo Prices IPO at $18, Above Range, Raising $212.8 Million

BitGo Holdings Inc. priced its initial public offering at $18 per share, exceeding the marketed range of $15 to $17, according to people familiar with the transaction. The cryptocurrency firm sold 11.8 million shares in the offering, raising $212.8 million and valuing the company at over $2 billion. The IPO, led by Goldman Sachs Group Inc. and Citigroup Inc., marks the first crypto company to go public in 2026. BitGo is expected to begin trading Thursday on the New York Stock Exchange under the symbol BTGO. The offering was significantly oversubscribed, though final details may still change. Bitcoin prices have declined 6.5% in 2025, following a surge in crypto listings last year. A company representative declined to comment.