BitGo prices US IPO above range, raises $212.8 million

Crypto custody firm BitGo priced its U.S. initial public offering above its indicated range on Wednesday, raising $212.8 million and marking the first stock market debut by a digital asset company in 2026. The San Francisco-based company priced its shares at $17 each, exceeding the expected range of $14 to $16. BitGo's IPO includes 12.5 million shares, with proceeds aimed at strengthening its technology platform and expanding operations. The offering represents a significant milestone for the cryptocurrency sector as it seeks broader institutional adoption. BitGo has secured backing from investors including Coinbase and Digital Currency Group, positioning itself as a key player in digital asset custody services.