BitGo Holdings priced its initial public offering at $18 per share, setting the crypto custody firm up for a New York Stock Exchange debut, Reuters reported.
The deal covers 11.82 million shares and is expected to raise about $212.8 million, valuing BitGo at roughly $2.3 billion. The company positions itself as a digital asset custody and infrastructure provider, with more than 2,000 institutional clients across 90 countries and about $100 billion in digital assets under custody. Bank of America Securities, Goldman Sachs and JPMorgan are lead underwriters, and the stock is expected to trade under the ticker BITG.
Market participants will be watching early trading for liquidity and price discovery, as well as whether underwriters exercise an option to buy up to an additional 1.77 million shares, which could lift total proceeds if demand remains resilient.
Source: Reuters.
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