BitGo’s IPO was priced on Wednesday at $18 per share, above the expected range, valuing the company at over $2b and raising $212.8m through the sale of approximately 11.8m shares by the company and its shareholders. The offering marks the first major test for digital-asset company IPOs since the sector’s market downturn late last year.
But BitGo’s offering seems to be making less of a splash than some other recent crypto debuts, said Tom Bruni, head of markets and retail investor insights at StockTwits. “Those who are deep into the weeds on the traditional finance/crypto convergence are nerding out over it,” he said. ”But otherwise, it’s flying a bit under the radar.”
