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BitGo Closes Up 3.8% in NYSE Debut After $18 IPO

The crypto custodian sold 11.8 million Class A shares at $18, implying a roughly $2.6 billion valuation under the ticker BTGO.

Overview

  • Shares opened at $22.43 and finished at $18.69 on Thursday, the first cryptocurrency IPO of 2026.
  • The offering raised about $212.8 million and priced above the marketed $15 to $17 range.
  • The deal comprised 11,026,365 new shares from BitGo and 795,230 from existing holders, with no proceeds to the company from the secondary portion.
  • The SEC declared the registration effective on January 21, trading began on the NYSE as BTGO, and closing is expected January 23 subject to customary conditions.
  • Underwriters include Goldman Sachs as lead bookrunner and Citigroup as bookrunner, and they hold a 30-day option to buy up to 1,770,000 additional shares.