Overview
- BitGo’s filing outlines an offering of about 11.8 million shares at $15–$17, including 11 million new shares and roughly 821,600 from existing holders, with a 30‑day option for up to 1.77 million additional shares.
- The company plans to trade on the NYSE under the ticker BTGO with Goldman Sachs as lead book-runner and Citigroup on the syndicate, and some reports cite January 21 as an expected date that has not been confirmed.
- The IPO uses a dual-class structure granting one vote per Class A share and 15 votes per Class B share, leaving CEO Michael Belshe with controlling voting power under NYSE controlled-company rules.
- BitGo received conditional OCC approval in December to convert its trust company into a federally chartered national trust bank, enabling nationwide fiduciary and custody services but not deposit-taking or lending.
- The amended filing highlights a sharp 2025 revenue jump driven largely by digital asset sales recorded on a gross basis, a factor investors may weigh when assessing revenue quality.