BitGo Holdings, which provides a digital asset custody, lending, and infrastructure platform, announced terms for its IPO on Monday.
The Palo Alto, CA-based company plans to raise $189 million by offering 11.8 million shares (7% secondary) at a price range of $15 to $17. At the midpoint of the proposed range, BitGo Holdings would command a fully diluted market value of $2.0 billion.
The company provides digital asset infrastructure for institutional clients through a technology platform that integrates custody, wallets, liquidity, and infrastructure services. Its offerings include self-custody wallets, other custody services, trading services, borrowing, and lending, and infrastructure-as-a-service for stablecoins and crypto applications. As of June 30, 2025, BitGo served over 4,600 clients and 1.1 million users across more than 100 countries, including financial institutions, technology platforms, corporations, government agencies, and high-net-worth individuals. The platform supported over 1,400 digital assets, and managed approximately $90.3 billion in assets on platform (AoP).
BitGo Holdings was founded in 2013 and booked $11.1 billion in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE under the symbol BTGO. Goldman Sachs, Citi, Deutsche Bank, Mizuho Securities, Wells Fargo Securities, Keefe Bruyette Woods, Canaccord Genuity, and Cantor Fitzgerald are the joint bookrunners on the deal. It is expected to price the week of January 19, 2026.
