BitGo prices IPO at $18 per share, set to begin NYSE trading

The steadfast raised $212.8 cardinal from the IPO, valuing the institution astatine implicit $2.1 billion, according to Bloomberg.

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BitGo said it volition merchantability an aggregate of 11,821,595 shares of Class A communal banal successful the offering. The shares see 11,026,365 shares offered by the institution and 795,230 shares offered by definite existing stockholders. The institution said it volition not person immoderate proceeds from the merchantability of shares by selling stockholders.

The shares are expected to statesman trading connected the New York Stock Exchange connected Tuesday, with the offering expected to adjacent connected Wednesday.

Goldman Sachs acted arsenic pb book-running manager for the offering, with Citigroup besides serving arsenic a book-running manager. Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, A Stifel Company, Canaccord Genuity, and Cantor are besides acting arsenic book-running managers. Clear Street, Compass Point, Craig-Hallum, Rosenblatt, Wedbush Securities, and SoFi are acting arsenic co-managers, the institution said.

Founded successful 2013, BitGo operates arsenic a integer plus infrastructure supplier offering custody, wallets, staking, trading, financing, stablecoins, and colony services.

The IPO is the archetypal large crypto-related listing of 2026, with speech Kraken and ETF-provider Grayscale apt to travel sometime during the year.