Crypto firm BitGo raises $212.8 million in US IPO

Crypto custody ‍startup BitGo Holdings priced its U.S. initial public offering above its indicated range on Wednesday, ⁠raising $212.8 million and paving the way for the first stock market debut by a digital asset company in 2026.

The Palo Alto, California-based company sold 11.8 million shares at $18 apiece, compared ‌with the ‌marketed range of $15 to $17 per share. The IPO values BitGo at $2.08 billion.