Jan 22 (Reuters) – Crypto custody firm BitGo was valued at about $2.59 billion after its shares opened 24.6% 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, blockchain lender Figure, and Winklevoss twins’ crypto exchange Gemini went public in New York between June to September. The debut marks the first major test of investor appetite for digital asset companies in 2026 and could influence whether other crypto firms move ahead with listing plans.
(Reporting by Atharva Singh and Arasu Kannagi Basil in Bengaluru; Editing by Tasim Zahid and Alan Barona)
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