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BitGo Files for $200 Million NYSE IPO Led by Goldman Sachs and Citigroup

BitGo Files for $200 Million NYSE IPO Led by Goldman Sachs and Citigroup

BitGo targets up to $201 million in its U.S. IPO, backed by strong financial results and expanding assets under custody in the crypto sector.

Fact Check
The assessment is "likely_true" with high confidence based on a strong consensus among multiple authoritative and relevant sources. Five distinct sources, including snippets from Reuters, Yahoo Finance, and Investing.com, directly and consistently corroborate the statement. These are highly credible financial news outlets, and they all report the same key facts: that crypto custody firm BitGo has filed for a U.S. IPO with the specific goal of raising approximately $201 million. Crucially, several of these sources explicitly state that their information comes from a regulatory filing, which is the primary source for such an announcement, lending significant weight to their reports. A lower-authority source from Binance also supports this claim. Conversely, there is no contradictory evidence presented in the provided materials. The remaining sources are irrelevant to the specific claim, discussing unrelated topics, and therefore do not detract from the strength of the supporting evidence.
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Summary

BitGo plans to raise as much as $201 million through its U.S. IPO by offering 11.8 million shares priced between $15 and $17 each. The cryptocurrency custody firm reported $10 billion in revenue and $35.3 million in net profit during the first nine months of 2025, with $104 billion in assets under custody. The NYSE listing under ticker BTGO will be led by Goldman Sachs and Citigroup.

Terms & Concepts
  • Crypto custodian: A company that securely stores and manages digital assets such as cryptocurrencies on behalf of institutional or retail clients.
  • IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time to raise capital.
  • Underwriter: A financial institution, typically an investment bank, that helps a company issue and sell securities to investors.