BitGo is seeking a valuation of up to $1.9B in its proposed NYSE debut
Key receivers
BitGo plans to raise up to $201 million by selling 11.8 million shares. The company intends to use the funds for working capital, product development and acquisitions.
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Crypto watchdog BitGo is looking to raise up to $201 million through the sale of 11.8 million shares, which could give the company a valuation of $1.9 billion, according to a new SEC filing.
The offering, which will include 11 million shares sold by the company and additional shares from existing shareholders, will take place on the New York Stock Exchange and the company plans to list under the ticker symbol BTGO.
BitGo plans to use the proceeds for working capital, product development and acquisitions or investments.
The company recently received approval from the Office of the Comptroller of the Currency (OCC) to convert its state charter to a federal charter, allowing it to operate nationwide under unified federal regulations.
