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Crypto custody firm BitGo valued at $2.59 billion as shares surge in NYSE debut
Crypto custody firm BitGo was valued at about $2.59 billion after its shares opened 24.6 per cent higher in their New York Stock Exchange debut on Thursday. The stock opened at $22.43 a share, compared with the $18 offer price. BitGo and some of its backers sold 11.8 million shares above the marketed range of $15 and $17 to raise $212.8 million. The listing comes as the crypto IPO window tentatively reopens following tepid activity after the historic U.S. government shutdown late last year. No major crypto-linked issuer went public in the U.S. in the fourth quarter. Stablecoin issuer Circle, CoinDesk-owner Bullish, ... (full story)
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