Crypto Wallet Firm BitGo, Backers Seek $201 Million in US IPO

BitGo Holdings Inc. and some of its backers are seeking to raise as much as $201 million in an initial public offering, becoming the first crypto company to proceed with listing plans in 2026.

The Palo Alto, California-headquartered startup is offering 11.8 million shares for $15 to $17 each in its IPO, according to a filing with the US Securities and Exchange Commission on Monday. The company is marketing 11 million shares, and shareholders including some of the company’s executives are offering 821,595 shares.