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

On January 12, according to Reuters, crypto asset custody startup BitGo disclosed in regulatory filings 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 sell 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 becomes increasingly important. Goldman Sachs and Citigroup are serving as lead underwriters for the offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol “BTGO.”