Mon Dieu! BitGo Holdings, that most audacious of crypto custodians, has priced its IPO at 18 sous per share, a sum that would make even Louis XIV blush. This grand spectacle values the offering at 212.8 million écus, with a fully diluted valuation surpassing 2 billion livres. A veritable feast for investors-or perhaps a trap laid by the devil himself!
- BitGo, with the grace of a court jester, has set its IPO at 18 sous, soaring above its humble promised range.
- The offering includes a lavish 212.8 million Class A shares, mostly sold by the company itself, as if it were auctioning off its soul.
BitGo shall offer 11,026,365 Class A shares, while 795,230 more will be peddled by shareholders, as per a January 21st proclamation. “BitGo shall receive naught from the sale of shares by those cunning selling stockholders,” it declared, with the solemnity of a funeral orator.
With this offering, 212.8 million écus shall be raised, granting BitGo a valuation of over 2 billion after its debut on the NYSE on January 22, trading under the ticker BTGO-a name as grand as a peasant’s pig.
And lo! Underwriters have been gifted a 30-day option to purchase 1.77 million additional shares, as if they were picking berries in a financial orchard. The offering shall close on January 23, subject to the whims of fate, and is guided by the esteemed Goldman Sachs and Citigroup, flanked by a chorus of financial institutions.
Founded in 2013, BitGo offers crypto custody, staking, and wallet infrastructure for the nobility of institutional clientele. A backend provider, indeed-like a footman in the court of digital assets.
The IPO was once whispered to be between 15 and 17 sous, but now soars to 18, proving that demand for crypto infrastructure is as strong as a Musketeer’s resolve. Much of this fervor, one suspects, is due to the U.S. administration’s newfound love for crypto, vying to make the nation the world’s crypto capital. A bold claim, to be sure!
BitGo, in 2025, received conditional approval for a U.S. banking charter alongside Ripple and Circle, a trifecta of regulatory confidence-or perhaps a game of chance. And with 14.6 billion écus raised across 11 crypto IPOs in 2025, BitGo’s modest valuation pales next to Circle’s 16.7 billion debut. Yet, what sets BitGo apart is its focus on custody, a predictable revenue stream that whispers, “Invest in me, and I shall not vanish like a magician’s coin!”
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2026-01-22 12:17