BitGo Files for IPO, Discloses Sharp Revenue Increase for 1st Half

By Josh Beckerman

BitGo Holdings filed for an initial public offering during an active era of trading debuts for crypto firms.

BitGo said in July that it confidentially filed for a proposed IPO. The Palo Alto, Calif., company's operations include custody, wallets, staking, trading, financing and settlement services from regulated cold storage.

BitGo applied for listing on the New York Stock Exchange under the symbol BTGO.

As of August 2023, BitGo was valued at $1.75 billion. In August 2022, Galaxy Digital terminated a planned acquisition of BitGo.

On Monday, BitGo said Brian Brooks, Sunita Parasuraman and Justin Evans joined its board.

For the six months ended June 30, BitGo's revenue rose to $4.19 billion from $1.12 billion.

Gemini Space Station, Circle Internet Group and Bullish have had IPOs since June.

Write to Josh Beckerman at josh.beckerman@wsj.com