#Gate广场创作者新春激励 The first crypto IPO of 2024 is here!

BitGo Holdings is set to become the first crypto company to go public in the US stock market in 2026.
According to a filing released by the company on Wednesday (January 21), this cryptocurrency custody firm will list on the NYSE on Thursday (January 22) Eastern Time, with a stock price of $18 per share, higher than the previously announced offering range of $15 to $17. The offering is led by Goldman Sachs and Citigroup.
It is reported that BitGo will sell 11.026 million shares publicly, while some shareholders will sell an additional 795,230 shares. Sources familiar with the matter say that the IPO subscription far exceeded expectations. Based on the IPO price and the number of shares outstanding listed in its filings with the SEC, BitGo’s valuation will reach approximately $2.1 billion. The documents also show that after the IPO, CEO Mike Belshe is expected to retain control of the company with 56% of voting rights, while Valor Equity Partners will hold 4.6% of voting rights, and Redpoint Ventures will hold 3.9%.
BitGo’s main business is providing security, custody, and liquidity solutions for digital assets. The company was co-founded in 2013 by CEO Belshe and others. Currently, the company is also the custodian and infrastructure provider for USD1, a stablecoin issued by World Liberty Financial.
It is known that Donald Trump Jr. and Eric Trump, sons of US President Donald Trump, are co-founders of World Liberty Financial. In the first nine months of 2025, the company’s net income was $8.1 million, with revenue of $10 billion; in the same period last year, net income was $5.1 million, with revenue of $1.9 billion.
Over the past year, the cryptocurrency sector has experienced a large number of listings. Stablecoin issuer Circle, crypto exchanges, and other companies have achieved sensational debut on the stock market; in November last year, Kk, one of the world’s largest cryptocurrency exchanges, also secretly filed for a US listing. However, in the last few months of last year, the crypto market experienced a sharp correction, leading to a 6.5% decline in Bitcoin’s price for the entire year of 2025, and year-end sell-offs caused continued turbulence in the digital asset industry. Despite this, analysts still predict that the IPO market will continue to recover in 2026, with more crypto and fintech companies signaling their intention to go public.