Bitgo's IPO
Listed Jan 22, 2026 at $18 on NYSE as BTGO.
Today 70% below its $18 offer price; its first day closed +2.7%.
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What does Bitgo do?
| Fact | Bitgo |
|---|---|
| Incorporated | Delaware, 2011 |
| Employees | 566 full-time, as of September 30, 2025 |
| Website | bitgo.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Bitgo |
|---|---|
| Shares offered | 11,821,595 (11,026,365 by the company, 795,230 by selling holders) |
| Offer price | $18 a share |
| Raised at that price | $213 million |
| Underwriters' discount | $14.9 million |
| Underwriters' option | 1,770,000 more shares |
| Underwriters | Goldman Sachs, Citigroup, Deutsche Bank, Mizuho, Wells Fargo, and Keefe, Bruyette & Woods, and 10 more |
| Exchange | New York Stock Exchange, as BTGO |
| Shares outstanding after | 115,597,993 |
| Market cap at the offer price | $2.08 billion |
What the filing says about its money
| Fact | Bitgo |
|---|---|
| Last preferred stock | Series C preferred |
What risks does Bitgo name first?
- “Our operating results have and are expected to continue to significantly fluctuate, including due to the highly volatile nature of digital assets.”
- “Transferring digital assets using our platform involves risks, which could result in loss of client assets, client disputes and other liabilities.”
Every date of Bitgo's IPO
| What | Day |
|---|---|
| Registration filed | Sep 19, 2025 |
| Exchange registration filed | Jan 15, 2026 |
| Declared effective by the SEC | Jan 21, 2026 |
| Priced | Jan 21, 2026 |
| First trade | Jan 22, 2026 |
| Lock-up ends | Jul 20, 2026, at the latest |
How did its first days trade?
From its daily bars, each close against its $18 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Jan 22 | $22.43 | $18.49 | +2.7% |
| Jan 23 | $18.35 | $14.50 | -19.4% |
| Jan 26 | $14.47 | $13.32 | -26.0% |
| Jan 27 | $13.31 | $13.77 | -23.5% |
| Jan 28 | $13.95 | $13.06 | -27.4% |
What is Bitgo's Quality Score?
The other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Bitgo IPO questions
When is Bitgo's IPO?
Listed Jan 22, 2026 at $18 on NYSE as BTGO.
What is Bitgo's IPO price?
Bitgo's IPO priced at $18 a share, per its final prospectus of Jan 23, 2026.
How many shares is Bitgo selling?
11,821,595 shares, and the underwriters may buy 1,770,000 more, per its final prospectus (424B4).
Who are the underwriters?
Goldman Sachs, Citigroup, Deutsche Bank, Mizuho, Wells Fargo, Keefe, Bruyette & Woods, Stifel, Woods A, Canaccord Genuity, Cantor, Clear Street, Compass Point, Craig-Hallum, Wedbush, Rosenblatt, and SoFi, as the prospectus's cover names them.
When does the lock-up end?
Bitgo's IPO lock-up ends Jul 20, 2026 at the latest; its prospectus lets it end sooner on the terms it sets out. Its final prospectus says: “.”
Does Breakaway rate Bitgo?
Bitgo has a Quality Score of -2 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Bitgo's price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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