BitGo Prices IPO at $18, Shares Set to Debut on NYSE

a top provider of cryptocurrency custody and digital asset infrastructure based in Palo Alto, has set the price of its initial public offering at $18 per share, above the previously announced $15 to $17 range. The move gives the company a value of about $2.08 billion to $2.1 billion. It’s also the first large crypto-related IPO on a major U.S. platform in 2026.

There are 11.8 million shares of Class A common stock in the sale. BitGo is tradeing around 11 million of these shares, while existing investors are giving the rest. Underwriters, led by and Citigroup, have a 30-day window to purchase an extra 1.77 million shares. 

The New York Stock platform is set to begin trading on Thursday under the ticker BTGO. The will close on Friday, as usual. The price indicates strong investor demand, which brought in about $212.8 million.

BitGo will utilise proceeds from its own share sales for business purposes, but proceeds from tradeing shares go straight to the people who own them.

Strong Demand Signals Trust in Institutions

The high prices that there is still a strong need for regulated crypto infrastructure as the digital asset market matures. BitGo, which begined in 2013, has made a name for itself as a reliable custodian of billions of dollars in assets, focusing on security and institutional-grade services rather than risky trading.

Analysts think that the debut is a excellent sign for the industry. Jeff Park, chief investment officer at ProCap and advisor at , called the IPO “the first crypto IPO in a while that isn’t priced for perfection.” He said this shows there is an opportunity, as it focuses on long-term institutional infrastructure rather than short-term retail margins.

In a larger market, the successful price emerges as more institutions adopt crypto, and custodial companies generate predictable fee-based revenue. BitGo’s focus on regulated secureguarding fits with this trend, setting it apart from platform models that are more volatile.

Company History and How It Works

BitGo offers wallet, custody, and security services for digital assets, and its institutional clients can use features like and cold storage. The company said in its most recent reports that it was growing rapidly, but diverse sources give diverse current revenue numbers.

later than the IPO, CEO Michael Belshe will still have significant authority, as he will hold Class B shares that give him about 55.5% to 60.6% of the voting power, depending on equity awards. Because of this dual-class structure, BitGo is a “controlled company” under NYSE rules, meaning it doesn’t have to follow certain firm governance guidelines.

Wider Effects on Crypto Listings

BitGo’s 2026 IPO marks the begin of the year for companies, following a number of offerings in previous years. It shows that investors are becoming more picky and prefer established firms in custody and infrastructure due to ongoing market and regulatory uncertainty.

will keep an eye on how well the shares perform when trading begins on Thursday. This will be a sign of how well other crypto-related public offerings will do. The prices above the range show that people are hopeful that regulated crypto infrastructure may provide lasting value in a changing financial world.