BitGo Debuts on NYSE with Shares Surging 24.6% Above Offer

BitGo's shares opened at $22.43 on the NYSE, 24.6% above the $18 offer price, marking a $2.59 billion valuation. This is the first major crypto IPO since late 2025.

Insights:
BitGo , a prominent cryptocurrency custody firm, made a striking debut on the New York Stock Exchange on January 22, 2026. The company's shares opened at $22.43, a significant 24.6% increase from the $18 offer price, valuing the firm at approximately $2.59 billion. This event marks the first major crypto-linked initial public offering (IPO) since the complete absence of such activities in the fourth quarter of 2025, following a historic U.S. government shutdown.
Signage and logos for the Crypto firm BitGo during the company’s IPO outside the New York Stock Exchange (NYSE) in New York City, U.S., January 22, 2026.  REUTERS/Brendan McDermid
Signage and logos for the Crypto firm BitGo during the company’s IPO outside the New York Stock Exchange (NYSE) in New York City, U.S., January 22, 2026. REUTERS/Brendan McDermid
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