TLDR
- BitGo sets its IPO price at $18 per share, exceeding the expected $15-$17 range.
- The IPO is set to raise approximately $212.8 million for BitGo’s crypto custodial services.
- The New York Stock Exchange will list BitGo under ticker “BTGO” starting January 22.
- BitGo’s pricing reflects strong institutional interest in the crypto infrastructure sector.
In a move that marks a significant milestone for crypto infrastructure firms in 2026, BitGo, a leading crypto custodian, has priced its U.S. initial public offering (IPO) at $18 per share. The pricing, which exceeds the previously marketed range of $15 to $17 per share, positions the company to raise approximately $212.8 million. The listing, which is expected to begin on the New York Stock Exchange on January 22, 2026, reflects robust institutional interest in the crypto services sector.
JUST IN: @BitGo is the first crypto IPO of 2026.
The crypto custody firm exceeded expectations with a sale price of $18, implying a $2.1B valuation.
BitGo serves nearly 5,000 clients worldwide, providing secure storage for over 1,550 tokens and managing peak assets of $104… pic.twitter.com/c7ffI6NqKc
— RAREMINTS (@raremints_) January 22, 2026
This IPO represents BitGo’s first major public offering since its founding in 2013. With a reputation as one of the largest crypto custodians in the United States, BitGo has grown its platform to manage $104 billion in assets. The company provides a wide range of services, including custody, wallets, staking, and settlement solutions to institutional investors, making it a key player in the evolving landscape of crypto regulation and institutional adoption.
The IPO Offering and Pricing Strategy
BitGo’s IPO will include 11,821,595 Class A common shares. Of these, 11,026,365 will be offered directly by BitGo, while 795,230 shares will be sold by existing stockholders. Additionally, underwriters have been granted a 30-day option to purchase up to 1.77 million additional shares. The final price of $18 per share places the company’s valuation at over $2 billion, which is a positive sign of investor confidence in the company’s future growth.
Trading is set to begin on January 22, 2026, under the ticker symbol “BTGO” on the New York Stock Exchange. The IPO offering will close on January 23, 2026, pending standard conditions. Leading financial institutions Goldman Sachs and Citigroup are serving as the lead book-running managers for the offering, with support from a syndicate of global financial firms. The pricing strategy, exceeding market expectations, demonstrates the growing demand for infrastructure firms in the crypto industry.
BitGo’s Role in Crypto Custody and Regulatory Landscape
Founded in 2013, BitGo has played a crucial role in the crypto ecosystem as a trusted custodian for institutional clients. The company’s platform secures digital assets for a variety of clients, including hedge funds, exchanges, and family offices. BitGo’s services have become increasingly important as institutional participation in crypto markets has grown, particularly as the regulatory environment around cryptocurrencies has evolved.
In December 2025, BitGo received conditional approval for a U.S. banking charter, alongside other major players like Ripple and Circle. This approval will allow BitGo to operate as a federally regulated trust bank in the United States, enhancing its credibility and regulatory standing in the crypto market. The U.S. regulatory framework is expected to provide greater stability for firms like BitGo, helping them expand their services and attract more institutional investors.
Institutional Interest in Crypto Infrastructure
The higher-than-expected IPO price reflects the strong institutional interest in companies that provide the critical infrastructure supporting the cryptocurrency ecosystem. As regulatory clarity improves and institutional adoption increases, custodians like BitGo stand to benefit from the influx of institutional capital into the sector. The company’s diversified offerings, such as custody and staking services, position it well for long-term growth in an industry that continues to mature.
BitGo’s IPO is one of the first major crypto-related listings of 2026, highlighting the continued institutionalization of the crypto sector. With a growing number of traditional financial firms looking to engage with digital assets, the demand for reliable and secure crypto custody services is expected to rise, further enhancing BitGo’s position in the market.
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