BitGo targets $1.96B valuation in US IPO as crypto custody demand grows

Crypto custody firm BitGo is preparing to enter the public markets, with the company targeting a valuation of up to $1.96 billion in its upcoming US initial public offering.

The Palo Alto–based company plans to raise approximately $201 million by offering 11.8 million shares priced between $15 and $17 each, according to its IPO filing. The offering comes as investor appetite for crypto-related companies continues to recover, particularly for firms with strong regulatory positioning.⁽¹⁾

Founded in 2013, BitGo is one of the largest crypto custody providers in the United States. The company specializes in securely storing and managing digital assets for institutional clients — a service that has become increasingly critical as hedge funds, asset managers and other large investors expand their exposure to cryptocurrencies.

Analysts view BitGo as a more defensive play within the crypto sector, benefiting from heightened regulation and a broader “flight to quality” among investors. As scrutiny across risk assets has intensified, regulated crypto infrastructure firms like BitGo have gained favor over more speculative ventures.

The IPO will be led by Goldman Sachs and Citigroup, with BitGo expected to list on the New York Stock Exchange under the ticker BTGO.

Investors using Robinhood, SoFi Invest and Webull can access the IPO before shares hit the open market by visiting the platform’s IPO section and requesting an allocation.

For more details on the company and how to take part, visit Finder’s BitGo IPO guide, and sign up for our Market Briefing newsletter to get the top market stories before the bell.

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Curious how related stocks have performed in the Capital Markets industry? Here are the top three by market cap:

• The Goldman Sachs Group (GS). ~$294B market cap; +71% 1-year total return.
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Source: Stock Analysis for related stocks and 12-month performance, accurate as of January 13, 2026.