Catenaa, Sunday, January 18, 2026- Crypto custodian BitGo announced plans to raise approximately $201 million in an initial public offering, filing an amended S-1 with the US Securities and Exchange Commission.
The company intends to offer 11 million Class A shares, alongside 821,595 shares from existing stockholders, at an estimated price range of $15 to $17 per share. BitGo plans to list on the New York Stock Exchange under the ticker “BTGO.”
BitGo will maintain a dual-class structure after the IPO. Class A shares carry one vote per share, while Class B shares carry 15 votes per share.
CEO and co-founder Michael Belshe will retain a controlling stake through Class B holdings, classifying BitGo as a controlled company under NYSE rules.
The firm provides custody, settlement, trading, and wallet infrastructure to institutional crypto clients, positioning itself as a backend services provider rather than a consumer-facing exchange.
BitGo previously filed IPO documents confidentially, joining other crypto firms, including Grayscale, exploring public listings amid a volatile market.
Regulatory conditions in the US have stabilized for crypto firms, and BitGo recently secured conditional approval for a US banking charter alongside Ripple and Circle.
The firm also disclosed revenue growth for 2025 in earlier filings. The IPO comes after at least 11 crypto-related offerings raised roughly $14.6 billion globally in 2025, reflecting renewed investor interest in institutional crypto services.
The timing of the BitGo IPO has not yet been disclosed, and the company will not receive proceeds from shares sold by existing holders.
