BitGo Holdings, Inc. has launched the process for an initial public offering (IPO) of 11.8 million shares of Class A common stock, according to a filing published in New York on Monday.
The digital asset infrastructure firm said the offering comprises 11 million new shares issued by BitGo and a further 821,595 shares sold by existing shareholders. BitGo will not receive proceeds from the secondary portion of the sale. The company has also granted underwriters a 30‑day option to purchase up to an additional 1.77 million shares.
BitGo expects the shares to price between $15 and $17 each. The company has applied to list on the New York Stock Exchange under the ticker symbol BTGO.
Goldman Sachs is serving as lead book‑running manager, with Citigroup also acting as a book‑runner. Additional book‑running managers include Deutsche Bank Securities, Mizuho, Wells Fargo Securities, Keefe, Bruyette & Woods, Canaccord Genuity and Cantor. Clear Street, Compass Point, Craig‑Hallum, Rosenblatt, Wedbush Securities and SoFi are acting as co‑managers.
The IPO will be made only by means of a prospectus. BitGo noted that the registration statement filed with the US Securities and Exchange Commission has not yet become effective, and that no sales may occur until it does. The company emphasised that the announcement does not constitute an offer to sell securities in any jurisdiction where such activity would be unlawful.
Founded in 2013, BitGo provides custody, wallets, staking, trading, financing and settlement services from regulated cold storage. The firm says it serves thousands of institutional clients, including exchanges and platforms, as well as millions of investors through its global operations and regulated entities.
