Main to remember
- Bitgo plans an IPO in the second half of 2025.
- Bitgo competes with the main players such as Coinbase by providing custody and other digital asset services.
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Bitgo explores a first public offer and discusses potential advice arrangements for a list from the second half of 2025, according to people familiar with the problem.
The Crytpo Bitgo goalkeeper is considering an IPO from the second half of this year, joining a flood of companies in the sector providing for more support for their regulators’ plans.
– Bloomberg (@business) February 11, 2025
The Palo Alto, California police custody company in California is joining an increasing number of cryptographic companies, planning the beginnings of the public market.
Gemini, the cryptographic company supported by the Winklevoss Twins, is considering an IPO this year, alongside Bullish Global, an crypto exchange operator supported by Peter Thiel.
Circle and Kraken also expressed their interest in public lists.
Founded in 2013, BitGo serves more than 1,500 institutional customers in 50 countries and processes around 8% of world Bitcoin transactions per value.
The company provides childcare services in competition with major players such as Coinbase, while offering exchanges, loans and loans of digital assets.
In 2023, the company raised $ 100 million to an evaluation of $ 1.75 billion. Its investor base includes Goldman Sachs, DRW Holdings, Redpoint Ventures and Valor Equity Partners.
The CEO of Bitgo, Mike Belshe, organized a fundraising in July for the presidential campaign of Donald Trump, with the republican running mate JD Vance at the head of the event.
A Bitgo representative refused to comment on IPO considerations, and the deliberations remain in progress without any final decision.
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