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?