The post BitGo Eyes $2 Billion Valuation in Planned U.S. IPO appeared on BitcoinEthereumNews.com.

BitGo’s IPO highlights investor preference for regulated crypto firms despite weak token prices and uneven IPO performance. Crypto custody firm BitGo has set its sights on the public markets, aiming to benefit from renewed interest in digital asset companies. In a recent disclosure, the California-based firm outlined plans for a U.S. initial public offering that could value the business at close to $2 billion. Interestingly, the move comes as more crypto companies test investor appetite after a volatile period for both digital assets and tech stocks. BitGo Sets IPO Terms, Plans to Trade on NYSE Under “BTGO” BitGo said on Monday it is targeting a valuation of up to $1.96 billion. Alongside some existing shareholders, the company plans to raise up to $201 million. About 11.8 million shares will be sold for $17 and $15, respectively.  The firm is expected to list on the New York Stock Exchange under the ticker “BTGO”. Meanwhile, Goldman Sachs and Citigroup are acting as lead underwriters. Demand for crypto-focused custody services is on the rise. As such, traditional banks and corporate competitors are increasingly entering the digital asset space. In light of this, IPO activity across the U.S. is expected to build on last year’s momentum.  However, recent market trends have triggered caution towards crypto-linked listings. These conditions include tariff-driven swings, a lengthy government shutdown, and a selloff in AI-related stocks. Mixed Market Response Greets Wave of Crypto Firms Eyeing Public Listings Several digital asset firms have either gone public or signaled intentions to issue shares. Crypto exchange Kraken is among those preparing an IPO. Kraken aims to replicate the strong market debuts of firms like Circle Internet Group and crypto exchange Bullish.  But despite their solid public launches, many of these stocks have experienced major pullbacks. Notably, this comes as crypto prices cooled…

---

Filed under: News - @ January 13, 2026 2:26 am