# Crypto Custodian BitGo Announces IPO Pricing

*Author: Jack Inabinet*
*Published: Jan 12, 2026*
*Source: https://www.bankless.com/read/news/crypto-custodian-bitgo-announces-ipo-pricing*

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BitGo has announced pricing for its upcoming initial public offering (IPO), which is expected to take place on January 22. Updated financials show the crypto custodian seeking to raise over $200M at a valuation just shy of $2B.

### What's the Scoop?
- **Previous Prospectus:** BitGo filed its first S-1 [registration statement](https://www.sec.gov/Archives/edgar/data/1740604/000162828025042203/bitgoholdingsincforms-1.htm), the first formal step to start the IPO process, with the U.S. Securities and Exchange Commission in September.
- **New Financials: **Amended today, BitGo latest S-1 [registration statement](https://www.sec.gov/Archives/edgar/data/1740604/000162828026001756/bitgoholdingsincs-1a4.htm) indicates that the company is looking to sell 11.8M shares of Class A common stock at an expected initial public offering price between $15 and $17 per share. Existing company insiders will supply 820k shares, grossing maximum expected deal proceeds of approximately $187M for BitGo.
- **Custody Clarity: **The OCC, a major U.S. banking regulator, [confirmed](https://www.bankless.com/read/news/regulator-gives-greenlight-for-banks-to-hold-certain-crypto-assets) in November that U.S. banks are permitted to hold crypto assets. In December, the regulator [authorized](https://www.bankless.com/read/news/occ-gives-u-s-banks-permission-to-broker-crypto-transactions) its banks to broker "riskless" crypto transactions and [approved](https://www.occ.gov/news-issuances/news-releases/2025/nr-occ-2025-125c.pdf) BitGo's application to become a national trust bank.

> BitGo has set IPO terms. Offering: 11,821,595 sharesInitial Range: $15-$17 per shareExchange: NYSESymbol: [$BTGO](https://twitter.com/search?q=%24BTGO&src=ctag&ref_src=twsrc%5Etfw)Available on [$SOFI](https://twitter.com/search?q=%24SOFI&src=ctag&ref_src=twsrc%5Etfw)  [$HOOD](https://twitter.com/search?q=%24HOOD&src=ctag&ref_src=twsrc%5Etfw) [$BULL](https://twitter.com/search?q=%24BULL&src=ctag&ref_src=twsrc%5Etfw) Fidelity Moomoo and TradeStation (so far) [pic.twitter.com/MeLxP469Jt](https://t.co/MeLxP469Jt)— Craig Stephens | Access IPOs (@AccessIPOs) [January 12, 2026](https://twitter.com/AccessIPOs/status/2010727529238417549?ref_src=twsrc%5Etfw)