BitGo Holdings (BTGO) Plans to Raise $188.80 million in January 22nd IPO

BitGo Holdings (BTGO) expects to raise $188.80 million in an initial public offering on Thursday, January 22nd, IPO Scoop reports. The company will issue 11,800,000 shares at a price of $15.00-$17.00 per share.

In the last year, BitGo Holdings generated $11.14 billion in revenue and $164.65 million in net income. BitGo Holdings has a market cap of $1.85 billion.

Goldman Sachs, Citigroup, Deutsche Bank Securities, Mizuho Securities, Wells Fargo Securities, Keefe, Bruyette & Woods (A Stifel Company) and Cantor acted as the underwriters for the IPO.

BitGo Holdings provided the following description of their company for its IPO: “(Incorporated in the Cayman Islands) We offer a platform for digital asset custody and lending as well as the infrastructure to support it. We aim to be the digital asset infrastructure company of choice, allowing our institutional clients to safely secure, manage, utilize, and create digital assets through our holistic technology platform. Our mission is to accelerate the transition of the financial system to a digital asset economy. We seek to achieve this mission by providing the trust, technology, and infrastructure institutions seek to participate confidently in digital assets. Through our platform, we deliver secure and scalable solutions, offering self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service to investors, builders, and other participants in the digital asset ecosystem. Today, our team is focused on expanding our platform to include a broader suite of financial services offerings, built on our foundational technology that institutional clients rely on to power their businesses. Our Clients Our clients range from crypto-native companies that use our self-custody wallet technology to traditional financial services firms that leverage our licensed custody, staking, and trading capabilities within their own products and services. The Number of Clients and Number of Users we provided custody, wallet, liquidity (including staking, trading, and settlement) and infrastructure solutions to were over 4,600 and over 1.1 million, respectively, including digital asset ecosystem companies, financial institutions, technology platforms, corporations, and government agencies, as well as High Net Worth Individuals (“HNWIs”), in over 100 countries as of June 30, 2025. We supported over 1,400 digital assets and had approximately $90.3 billion in Assets on Platform (“AoP”) as of June 30, 2025. Our principal markets are the United States and other major financial centers in North America, Europe, and Asia. Note: Net income and revenue are for the 12-month period that ended on Sept. 30, 2025. (Note: BitGo Holdings disclosed the terms for its IPO – 11.82 million shares at a price range of $15.00 to $17.00 – to raise $189.15 million, according to its S-1 filing on Monday, Jan. 12, 2026. Background: BitGo Holdings revealed its IPO plans on Sept. 18, 2025, in an S-1 filing without stating the terms. Estimated IPO proceeds are $100 million, a placeholder figure.)    “.

BitGo Holdings was founded in 2011 and has 565 employees. The company is located at 101 S. Reid Street, Suite 307, PMB# 9793 Sioux Falls, SD 57103 and can be reached via phone at (650) 847-0009 or on the web at http://www.bitgo.com/.