Crypto Custody Firm BitGo Said to Weigh IPO as Soon as This Year

BitGo Inc. is considering an initial public offering, according to people familiar with the matter, joining a flood of crypto companies anticipating more support for their plans from regulators.

The Palo Alto, California-based company is in talks with potential advisers on a listing as soon as the second half of this year, one of the people said, asking not to be identified as the information isn’t public.

BitGo raised $100 million in 2023 from new investors at a $1.75 billion valuation. Its backers have included Goldman Sachs Group Inc., DRW Holdings, Redpoint Ventures and Valor Equity Partners, ...