Home / Business and Economy / BitGo Launches IPO, Aims for $201 Million
BitGo Launches IPO, Aims for $201 Million
12 Jan
Summary
- BitGo launched its initial public offering on Monday.
- The company seeks to raise up to $201 million.
- Shares are priced between $15 and $17 each.
Crypto custody firm BitGo officially launched its initial public offering on Monday, with aspirations to raise as much as $201 million.
The Palo Alto, California-based company, along with some of its current shareholders, is offering 11.8 million shares. The proposed price range for these shares is between $15 and $17.
BitGo, established in 2013, has solidified its position as a leading crypto custody service provider in the United States. The firm specializes in the secure storage and protection of digital assets, a crucial service given the increasing institutional engagement in the cryptocurrency market. The shares are slated to trade on the New York Stock Exchange under the ticker symbol BTGO.
