On the first day of its IPO, BitGo's stock price rose by 20%, with a market value of up to $2.6 billion

On January 23rd, BitGo (stock code: BTGO), a cryptocurrency custody and infrastructure company, went public on the New York Stock Exchange. On the first day of its IPO, its stock price rose by about 20% from its initial offering price of $18, and its highest market value reached $2.6 billion during trading. BitGo issued 11.8 million shares in its IPO, raising approximately $213 million and valuing itself at over $2 billion. According to SEC documents, BitGo achieved a profit of $35 million and revenue of $10 billion in the first three quarters of 2025, and achieved full year profit for the first time in 2024, with a net profit of $156 million. As of the third quarter of 2025, the platform's managed assets amounted to approximately 104 billion US dollars, with 1.71 million users.