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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.
BitGo Launches IPO, Aims for $201 Million

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.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
BitGo aims to raise up to $201 million through its initial public offering.
BitGo launched its initial public offering on Monday.
BitGo plans to list its shares on the New York Stock Exchange under the ticker symbol BTGO.

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