Crypto custody platform Bitgo might be planning to go public with an initial public offering (IPO) by the second half of 2025, according to Bloomberg, which cited sources familiar with the matter. While the California-based company is already in discussions with potential advisors for the listing, it has yet to officially confirm any details regarding the IPO. Bitgo, a crypto unicorn valued at $1.75 billion after raising $100 million in 2023, is backed by major investors including Goldman Sachs and DRW Holdings. Founded in 2013, Bitgo serves over 1,500 institutional clients across more than 50 countries and processes approximately 8% of all global bitcoin transactions.
Bitgo Plans Potential IPO by H2 2025, Aiming to Strengthen Its Position in Crypto Custody Market
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