BitGo’s $2B NYSE Debut Marks 2026’s First Major Crypto IPO

BitGo’s $2B NYSE Debut Marks 2026’s First Major Crypto IPO

BitGo’s public offering on January 22, 2026, at $18 per share raised $213 million, with the company valued at $2.08 billion, reflecting strong growth in asset management and staking services.

Fact Check
The evidence strongly supports the truthfulness of the statement. The most direct and authoritative source, a MarketScreener report citing both Bloomberg News and Reuters, explicitly states that BitGo priced its IPO at $18 per share. This is corroborated by several other highly relevant sources from IPO-focused outlets like IPOScoop and TradingCalendar, which confirm the IPO event and reference official SEC filings such as the Form S-1 prospectus.There is one source that presents potentially conflicting information, an IPO calendar from Investing.com, which lists an expected price range of $15.00-$17.00. However, this conflict is resolved by the primary MarketScreener report, which clarifies that the final $18 price was set "above range." This indicates that the IPO calendar was likely showing the initial target range, and strong investor demand led to the company pricing the offering at a higher final value. The remaining sources provided are irrelevant to the claim as they discuss unrelated topics like corporate governance or product pages.Overall, the consistent reporting from multiple, high-authority financial news sources, combined with a logical explanation for the single piece of conflicting data, makes the statement highly likely to be true.
Summary

BitGo Holdings went public on the NYSE on January 22, 2026, with an IPO priced at $18 per share, raising $213 million and achieving a $2.08 billion valuation. The stock surged 25% on its first day, opening at $22.43 and closing at $18.49. Analysts target $26.50, citing strong custodian services and regulatory advantages.

Terms & Concepts
  • Crypto custodian: A financial institution or service that securely stores digital assets like cryptocurrencies for institutional or individual investors.
  • IPO (Initial Public Offering): The first sale of a company’s shares to the public, allowing it to raise capital from investors.