2026-01-12 22:22:50

BitGo officially files S-1 registration statement with the SEC, initiating the IPO process. The plan is to issue 11 million Class A shares and 821,000 secondary shares, with a price range set at $15 to $17 per share. Based on the upper limit, this financing could reach approximately $201 million, corresponding to a company valuation of about $1.96 billion.

This digital asset custody service provider manages assets exceeding $90 billion. Goldman Sachs serves as the lead underwriter. After the IPO is completed, it will be listed on the NYSE under the ticker symbol: BTGO.

As an infrastructure service provider in the cryptocurrency industry, BitGo's move also reflects the accelerated pace of financing and going public for Web3 enterprises.

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NFT_Therapy

· 9h ago

$90B asset scale listed, traditional finance is really recognizing us --- GS as the lead underwriter, now Bitcoin is really winning big --- $1.96B valuation... Wait, isn't this undervaluing it? --- Listing of custody services, what does it mean... institutions are really coming in --- Finally, the infrastructure layer's listed company has arrived, it feels like Web3 is about to take off --- Pricing at $15-17, will anyone subscribe... --- From custody to listing, I am optimistic about BitGo's path --- A company with a $90B scale only valued at $19.6B? That's fierce --- NYSE BTGO, now truly integrated into the traditional financial system

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DeFiCaffeinator

· 10h ago

BitGo's IPO this time has really been a long time coming; managing $90B in assets is indeed top-tier. Honestly, this pricing range seems a bit conservative, right? Goldman Sachs handling it feels secure, but it depends on the market reaction later. Managing $90B and only raising $200 million, maybe they underestimated themselves... The custody sector finally has a leading player emerging, putting pressure on other security service providers.

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NftBankruptcyClub

· 01-12 22:52

Is BitGo going public? 90B in assets under custody—this data is incredible. Is it real? --- Backed by Goldman Sachs, this time they are serious... Let's see if they can avoid a down round. --- $1.96B valuation still feels too conservative, considering they custody so much assets. --- Finally, a major infrastructure player is going public. Web3 is really moving towards the mainstream. --- Earning from crypto custody is definitely lucrative... The moat for entering is extremely deep. --- Wait, is this $15-17 pricing benchmarked against something? Feels like there's no confidence. --- With 90B in assets and a 2B valuation, the ROI potential is indeed still very large. --- The NYSE is getting lively. Will more companies rush to go public next? --- If BitGo succeeds this time, will many exchanges follow suit? --- Well, it’s better to go public with infrastructure first than to have DeFi projects mess around.

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MeltdownSurvivalist

· 01-12 22:49

BitGo goes public; after all the fuss, managing $90B in assets is only valued at $2B. This logic doesn't quite add up. --- GSX is acting as the lead underwriter; traditional finance is also starting to compete for the Web3 space. Interesting. --- The $15-17 price range seems quite cautious; we'll have to see how the market develops later. --- The custody sector is finally going public, but this valuation feels very low. --- Web3 infrastructure is on the rise; even BitGo is rushing to the NYSE. Glad I didn't overly bearish on this sector. --- Managing $90B in assets for only a $2B valuation? Feels like we've been cut. --- Damn, the NYSE will have crypto natives now. The times are changing. --- The BitGo ticket sounds pretty good, but I wonder if it will get hammered again after going public.

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StakeHouseDirector

· 01-12 22:27

BitGo is about to take off, with a platform managing $90B in assets going public—truly a recognition of the infrastructure track. Goldman Sachs personally took charge, indicating that institutional-level confidence is still there, although the valuation is a bit conservative. A $1.96B valuation still feels like a 30% discount, but that's common in crypto listings—stability first. Once it goes public, we’ll see how the lock-up positions perform. Long-term holding of this kind of infrastructure is the real way to go. The true Web3 underlying layer, much more reliable than those trendy projects currently out there.

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