BitGo Holdings has boldly set its initial public offering price at $18 per share, surpassing the previously marketed range, according to Bloomberg News sources.
The company and its partners aim to raise $212.8 million, which would value the digital asset firm at more than $2 billion, as per filings with the U.S. Securities and Exchange Commission.
The Palo Alto-based organization and its existing shareholders are releasing 11.8 million shares. With Goldman Sachs and Citigroup spearheading the underwriting, BitGo is making its debut on the New York Stock Exchange under the ticker "BTGO".
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