BitGo sets IPO price at $18 as shares to begin trading on NYSE
BitGo priced its IPO at $18 a share and expects NYSE trading to begin Thursday, with SEC filings showing major holdings by founders and early investors.
BitGo Holdings, a cryptocurrency custody company, announced the pricing of its initial public offering (IPO) ahead of its shares’ expected debut on the New York Stock Exchange (NYSE).
The company priced its IPO at $18 per share, above the earlier indicated marketing range of $15 to $17 per share, according to an official announcement by BitGo.
The shares are expected to begin trading on the NYSE under the ticker symbol “BTGO” on Thursday, while the IPO is expected to close on Friday, subject to customary closing conditions. With about 11.8 million shares of Class A common stock being offered, the IPO is projected to generate about $212.8 million in gross proceeds at the set price.