BlockBeats news: On January 14, cryptocurrency asset custody startup BitGo plans to raise up to $201 million through an initial public offering (IPO) in the United States. A total of 11.8 million shares will be offered, with a price range of $15 to $17 per share.
In terms of performance, the prospectus shows that BitGo generated approximately $10 billion in revenue for the first nine months of 2025, a significant increase compared to the same period last year (approximately $1.9 billion). The company's net profit was about $353 million, with net profit attributable to shareholders at approximately $81 million. In the same period last year, the company's net profit attributable to shareholders was $51 million. As of September 30, 2025, the asset under custody on the BitGo platform reached approximately $104 billion, supporting over 1,550 types of digital assets. BitGo expects its full-year 2025 revenue to be between $16.02 billion and $16.09 billion.
BitGo, founded in 2013, is one of the largest cryptocurrency custodians in the United States. As institutional interest in crypto assets grows, the company's role in storing and protecting digital assets for clients has become increasingly significant. Goldman Sachs and Citigroup are serving as lead underwriters for this offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol "BTGO."