Crypto custody firm BitGo has confidentially filed for a U.S. IPO, becoming the latest in a string of blockchain companies positioning for public markets amid a wave of regulatory clarity.
The filing, submitted to the SEC, outlines a proposed offering of Class A shares, though pricing and share counts remain undisclosed.
The IPO will move forward once the SEC’s review concludes and market conditions are deemed favorable. BitGo’s move follows closely behind similar filings from Grayscale and Bullish, signaling a renewed push by major crypto players to tap into public capital markets.
Grayscale filed last week ahead of “Crypto Week,” which featured the passage of the landmark GENIUS Act. Like BitGo, the asset manager hasn’t released specific IPO details.
Meanwhile, Bullish, backed by Peter Thiel, filed its paperwork with more transparency—naming J.P. Morgan, Citigroup, and Deutsche Bank as lead underwriters, and targeting a listing on the NYSE under the ticker “BLSH.”
With regulation tightening and the crypto market maturing, the IPO window appears to be reopening for the industry’s heavyweights.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/bitgo-joins-grayscale-and-bullish-in-race-to-go-public/