BitGo Aims for $1.96B Valuation in Long-Awaited IPO Filing

Crypto News Business

BitGo Aims for $1.96 Billion Valuation in Long-Awaited IPO Filing

Written by Aaron S.,

Editor-In-Chief

Last Updated: January 12, 2026

Key Takeaways

BitGo has filed for a US IPO by planning to offer around 11.8 million shares of Class A stock to the public and existing investors;
The crypto custodian aims to raise up to $201 million at a share price of $15 to $17, which would value it at $1.96 billion;
BitGo manages over $90B in digital assets and has appointed Goldman Sachs and Citigroup as lead underwriters.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

BitGo Aims for $1.96 Billion Valuation in Long-Awaited IPO Filing

BITDEGREE IN YOUR SOCIAL FEED

BitGo Holdings has started the process of going public in the United States, according to a filing with the Securities and Exchange Commission (SEC).

The cryptocurrency custody firm submitted its registration statement to begin its initial public offering (IPO).

In its filing, BitGo shared that it plans to sell 11 million shares of Class A common stock. Current shareholders will also sell an additional 821,595 shares. Altogether, about 11.8 million shares will be part of the offering.

What is an Automated Market Maker in Crypto? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

The filing shows the expected price per share is between $15 and $17. If shares sell at the higher end of that range, the IPO could raise around $201 million. With this sale, BitGo aims for a valuation close to $1.96 billion.

Founded in 2013, BitGo provides secure storage for digital assets. The company said it now manages over $90 billion in assets under custody, reflecting steady growth in the crypto sector over the past decade.

To manage the public offering, BitGo has appointed several investment banks. Goldman Sachs will serve as the lead book-running manager, with Citigroup also taking a leading role.

Other banks involved include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity, and Cantor. Co-managers listed are Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi.

Anthropic, the company behind Claude AI, recently announced plans to secure $10 billion in new funding. What did the company say? Read the full story.