BitGo prices public offering at $18, shares to list on New York Stock Exchange

The offering comprises 11.8 million Class A shares, including 11.0 million shares sold by BitGo and 795,230 shares sold by existing stockholders. At the IPO price, the deal is expected to raise about $212.8 million in gross proceeds, though BitGo said it will not receive any proceeds from shares sold by the selling stockholders.

BitGo said the IPO is expected to close on 23 January 2026, subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 1,770,000 Class A shares at the public offering price.

Regulatory filings also detail ownership by founders, executives and early investors. Form 3 filings with the U.S. Securities and Exchange Commission show chief executive officer Michael Belshe reported 1 million Class A shares, largely in restricted stock units that vest over time, alongside Class B shares convertible into Class A and option grants. Filings also list holdings for chief revenue officer Fang Chen and board chairman Brian Brooks, as well as positions held by investment firms including Valor Equity Partners and Redstone.

BitGo, founded in 2013, reported more than $90 billion in assets under custody. The company said the IPO implies a valuation of more than $2 billion.

As GNcrypto previously wrote, the U.S. Office of the Comptroller of the Currency in December 2025 granted conditional approval for Ripple and Circle to form national trust banks and for BitGo, Paxos and Fidelity Digital Assets to convert existing state trust charters into national ones, a process that requires additional capital, governance and risk-management milestones before final authorization. The conditional national trust charters would permit custody and certain payment and settlement services under OCC supervision but would not allow deposit taking, lending or access to federal deposit insurance.