BlockBeats News, January 22nd, the first crypto IPO on the US stock market in 2026, crypto asset custodian company BitGo, will be listed on the NYSE tonight under the stock symbol BTGO. BitGo has set the initial public offering (IPO) price at $18 per share, higher than the earlier expected range of $15 to $17 per share. Based on the IPO price, BitGo’s market value will be approximately $2.1 billion.
In terms of performance, the prospectus shows that BitGo had a revenue of around $10 billion in the first nine months of 2025, a significant increase from the same period last year (about $1.9 billion). The net profit was about $35.3 million, with a net profit attributable to shareholders of about $8.1 million. In the same period last year, the company’s net profit attributable to shareholders was $5.1 million. As of September 30, 2025, BitGo’s platform has custody assets of around $104 billion, supporting over 1,550 types of digital assets. BitGo expects full-year revenue in 2025 to be between $16.02 billion and $16.09 billion.
Founded in 2013, BitGo is one of the largest crypto custodian companies in the United States. As institutional interest in crypto assets grows, the company’s role in storing and safeguarding digital assets for clients has become increasingly important. Goldman Sachs and Citigroup are the lead underwriters for this offering.
