Jan 12 (Reuters) – BitGo is seeking to raise up to $201 million in its U.S. initial public offering, the crypto custody startup said in a regulatory filing on Monday.
The Palo Alto, California-based firm and some of its existing shareholders are offering 11.8 million shares priced between $15 and $17 each.
The digital asset industry is experiencing turbulence after a steep crypto selloff in October, which has raised the bar for companies in the sector seeking investor support.
Founded in 2013, BitGo is one of the largest crypto custody firms in the United States. It stores and protects digital assets for clients, a role that has gained importance as institutional interest in crypto grows.
Goldman Sachs and Citigroup are the lead underwriters for the offering.
BitGo intends to list on the New York Stock Exchange under the symbol “BTGO”.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Vijay Kishore)
