Reuters: BitGo Files for IPO, Aims to Raise Up to $201 Million

BlockBeats News, January 12th, according to Reuters, cryptocurrency custody startup BitGo disclosed in a regulatory filing on Monday that it plans to raise up to $201 million through a US initial public offering. The California-based company and some existing shareholders will sell 11.8 million shares of stock priced between $15 and $17 per share.

Founded in 2013, BitGo is one of the largest cryptocurrency custodians in the United States. As institutional interest in crypto assets grows, the company's role in storing and safeguarding digital assets has become increasingly important. Goldman Sachs and Citigroup are serving as the lead underwriters for this offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol "BTGO".