$BitGo Holdings, Inc.(BTGO)$ (BitGo Holdings) priced its IPO at $18 per share, above the marketed range ($15–$17), raising about $212.8M and valuing the company around $2B on its NYSE debut. This is the first crypto firm to go public in 2026, serving as an early gauge of investor appetite for digital asset infrastructure stocks in a choppy market. Circle’s IPO Benchmark $Circle Internet Corp.(CRCL)$ went public in June 2025 at $31/share and enjoyed a massive rally, trading many multiples above that price over time — including peaks of ~865% gains from IPO levels and sustained outperformance vs. many peers. Circle’s success was fueled by strong USDC adoption, explosive revenue growth, and regulatory tailwi
BitGo IPO Debut: Can it Replicate Circle's Performance?
Crypto custody firm BitGo is set to debut on the New York Stock Exchange on Thursday, raising $2.13B after pricing its IPO at $18, above the marketed range. The deal was reportedly multiple times oversubscribed, valuing BitGo at around $2.1B. As the first U.S.-listed crypto company of 2026, the listing comes after a volatile year in digital assets, with Bitcoin down 6.5% in 2025. Does BitGo’s oversubscribed IPO signal renewed confidence in crypto infrastructure plays? After Bitcoin’s weak 2025, is the market ready to reprice custody and service providers?
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