Crypto Wallet Firm BitGo, Backers Seek $201 Million in US IPO

BitGo Holdings Inc. and some of its backers are seeking to raise as much as $201 million in an initial public offering, becoming the first crypto company to proceed with listing plans in 2026.

The Palo Alto, California-headquartered startup is offering 11.8 million shares for $15 to $17 each in its IPO, according to a filing with the US Securities and Exchange Commission on Monday. The company is marketing 11 million shares, and shareholders including some of the company’s executives are offering 821,595 shares.

At the top of the price range, BitGo would have a market value of $1.96 billion ...