Crypto custody giant BitGo Holdings has formally launched its initial public offering (IPO), filing a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). The company announced the offering on Monday, January 12, 2026, confirming its intent to list on the New York Stock Exchange under the ticker symbol "BTGO."
The offering is structured to include 11 million shares of Class A common stock issued by BitGo itself, alongside 821,595 shares being sold by existing stockholders. With an indicated price range of $15 to $17 per share, the IPO could raise as much as $201 million, with the total shares offered amounting to roughly 11.8 million. This move targets a valuation of up to $1.96 billion for the company.
This filing marks the execution phase of a process first disclosed in September 2025, when BitGo initially signaled its intention to go public. The company has amassed more than $90 billion in assets under custody since its platform launched in 2013, serving a client base that includes exchanges, asset managers, funds, and protocol foundations.
BitGo has assembled a significant syndicate of underwriters, led by Goldman Sachs as the lead book-running manager, with Citigroup also serving as a book-running manager. Additional book-running managers include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity, and Cantor. A group of co-managers, including Clear Street, Compass Point, and SoFi, rounds out the underwriting team.
The filing notes that the registration statement has been submitted but is not yet effective. Consequently, shares may not be sold, nor may offers to buy be accepted, until the SEC declares the registration effective.
