# BitGo Prices IPO Above Range, Eyes $2B+ Valuation

*Author: David Christopher*
*Published: Jan 22, 2026*
*Source: https://www.bankless.com/read/news/bitgo-prices-ipo-above-range-eyes-2b-valuation*

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Crypto custodian BitGo priced its U.S. initial public offering at $18 per share — above its initial $15-$17 range — suggesting a valuation above $2B as it begins trading on the New York Stock Exchange. 

### **What's the Scoop?**
- **Market Position:** Founded in 2013, BitGo manages $104B in assets and provides custody, wallets, staking, and settlement services across the crypto industry.
- **Offering Details:** The [IPO consists of 11.8M Class A shares](https://www.theblock.co/post/386629/bitgo-prices-us-ipo), with BitGo selling 11M directly and existing stockholders selling ~795K.
- **Trading Timeline:** Shares begin trading today under ticker "BTGO," with Goldman Sachs and Citigroup serving as lead book-runners.
- **Banking Charter:** In December 2025, BitGo received conditional approval for a U.S. banking charter alongside Ripple and Circle, positioning it to operate as a federally regulated trust bank.

### **Bankless Take:**
As the first major crypto-related IPO of the year, the offering's repricing reinforces what we know — there’s strong institutional appetite for crypto. Yet, with a series of crypto IPOs slated for launch this year — [Kraken and Consensys](https://finance.yahoo.com/news/kraken-ipo-plan-signals-fresh-163002526.html), in particular — we’ll see if capital stays with BitGo, or churns through to new opportunities once they come along.
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