Crypto custody company BitGo seeks up to $201 million in US IPO

BitGo is looking to raise up to $201 million in an IPO, targeting a $1.96 billion valuation with over $90 billion in assets under custody and top US banks leading the deal.

BitGo Holdings, a major cryptocurrency custody company, announced the launch of its initial public offering (IPO) in a filing with the US Securities and Exchange Commission (SEC).

In a Form S-1 filed with the SEC, BitGo said the offering will include 11 million shares of Class A common stock issued by the company, along with 821,595 shares offered by existing stockholders. The company announced the launch of the offering on Monday.

Based on an expected price range of $15 to $17 per share, the IPO could raise up to about $201 million, with total shares offered amounting to roughly 11.8 million.

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