Reuters: BitGo files for IPO, aiming to raise up to $201 million

BlockBeats News, January 12, according to Reuters, crypto asset custody startup BitGo disclosed in regulatory filings on Monday that it plans to raise up to $201 million through an initial public offering in the United States. The Palo Alto, California-based company and some of its existing shareholders will offer 11.8 million shares, with a price range of $15 to $17 per share.

Founded in 2013, BitGo is one of the largest crypto custody companies in the United States. As institutional interest in crypto assets grows, the company's role in storing and safeguarding digital assets for clients 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".