On the first day of its IPO, BitGo surged 20%, with its highest market value exceeding $2.6 billion during trading According to BlockBeats, on January 23rd, BitGo (stock code: BTGO), a cryptocurrency asset custody and infrastructure company, officially listed on the New York Stock Exchange. On the first day of its IPO, its stock price rose by about 20% from its initial offering price of $18, and its highest corresponding market value reached $2.6 billion at one point during trading. BitGo's IPO this time issued 11.8 million shares at a price higher than the original range of $15-17, raising a total of approximately $213 million for the company and some shareholders, with a valuation of over $2 billion. The strong market performance is seen as a positive signal for the potential IPO activity period in 2026. BitGo was founded in 2013 and was one of the earliest cryptocurrency companies to launch a multi signature digital wallet. It later expanded into areas such as digital asset custody, trading, and digital banking services, serving both institutional and retail users. According to recent SEC documents, BitGo achieved a profit of $35 million and revenue of $10 billion in the first three quarters of 2025, and achieved full year profit for the first time in 2024, with a net profit of $156 million. As of the third quarter of 2025, the platform has 1.71 million users and approximately 104 billion US dollars in managed assets. The successful listing of BitGo occurred against the backdrop of overall volatility in the cryptocurrency market. The market generally believes that this IPO may open a window for more large technology and financial companies, including rumored potential IPO entities such as OpenAI, Anthropic, SpaceX, Stripe, and Revolut.