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News  ›  Benzinga

Crypto Custodian Company BitGo Targets Nearly $2 Billion Valuation In NYSE IPO

Benzinga Logo Benzinga By Aniket Verma
Crypto Custodian Company BitGo Targets Nearly $2 Billion Valuation In NYSE IPO

BitGo Holdings Inc., a cryptocurrency custodian managing over $100 billion in assets, is planning an NYSE IPO targeting a nearly $2 billion valuation. The company will offer approximately 11.8 million Class A shares priced between $15-$17, with Goldman Sachs as lead underwriter. BitGo joins other crypto companies going public, though recent crypto IPOs like Circle and Bullish have underperformed since their debuts.

Insights
QCOM   neutral

Mentioned as a technological ecosystem partner for Valeo's BRAIN division without specific performance details


CRCL   negative

Stock has declined 22.51% since its debut due to waning investor sentiment and broader market sell-offs in late 2025, indicating poor post-IPO performance.