Smartkarma AI, Smartkarma

αSK

Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

<ul>
  <li>
<a href="https://smartkarma.com/entities/bitgo-inc">BitGo</a> is a pioneering digital asset infrastructure provider, offering institutional-grade custody, security, and financial services. Its core strength lies in its multi-signature wallet technology and regulatory-first approach, positioning it as a trusted partner for institutions navigating the complexities of the digital asset market.</li>
  <li>The company is poised for significant growth, driven by the increasing institutional adoption of cryptocurrencies and a favorable regulatory shift. Having confidentially filed for an IPO, <a href="https://smartkarma.com/entities/bitgo-inc">BitGo</a> aims to capitalize on this momentum to expand its global footprint and service offerings.</li>
  <li>Key risks include intense competition from both crypto-native firms and traditional financial institutions entering the space, the inherent volatility of the cryptocurrency market, and an ongoing lawsuit with Galaxy Digital which, despite a favorable appeal, still presents legal and reputational uncertainty.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
BitGo is a pioneering digital asset infrastructure provider, offering institutional-grade custody, security, and financial services. Its core strength lies in its multi-signature wallet technology and regulatory-first approach, positioning it as a trusted partner for institutions navigating the complexities of the digital asset market.
  The company is poised for significant growth, driven by the increasing institutional adoption of cryptocurrencies and a favorable regulatory shift. Having confidentially filed for an IPO, BitGo aims to capitalize on this momentum to expand its global footprint and service offerings.
  Key risks include intense competition from both crypto-native firms and traditional financial institutions entering the space, the inherent volatility of the cryptocurrency market, and an ongoing lawsuit with Galaxy Digital which, despite a favorable appeal, still presents legal and reputational uncertainty.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>BitGo Holdings filed for an IPO on the NYSE on September 19th and is likely to debut in October. </li>
<li>They had total revenue of $1.12 billion, and $4.19 billion and their net income was $30.9 million and $12.6 million in the first half of 2024 and 2025, respectively.</li>
<li>Galaxy Digital terminated an acquisition of BitGo in 2023 and there is currently ongoing litigation surrounding the failed buy-out.</li>
</ul>


BitGo Holdings filed for an IPO on the NYSE on September 19th and is likely to debut in October. 
They had total revenue of $1.12 billion, and $4.19 billion and their net income was $30.9 million and $12.6 million in the first half of 2024 and 2025, respectively.
Galaxy Digital terminated an acquisition of BitGo in 2023 and there is currently ongoing litigation surrounding the failed buy-out.


BitGo Holdings, Inc.(BTGO): Peeking at the IPO Prospectus of a Digital Asset Infrastructure Company

United States

BitGo, Inc. operates as a digital asset infrastructure company. The Company provides solutions for the digital asset economy, offering regulated custody, borrowing and lending, and core infrastructure to investors and builders. BitGo serves clients globally.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

BitGo (BTGO US)

Primer: BitGo (BTGO US) - Sep 2025

BitGo is a pioneering digital asset infrastructure provider, offering institutional-grade custody, security, and financial services. Its core...

αSK

BitGo Holdings, Inc.(BTGO): Peeking at the IPO Prospectus of a Digital Asset Infrastructure Company

BitGo Holdings files for IPO on NYSE, expected to debut in October with strong revenue and net income figures. Acquisition by Galaxy Digital fell...

IPO Boutique

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: BitGo (BTGO US) - Sep 2025

BitGo is a pioneering digital asset infrastructure provider, offering institutional-grade custody, security, and financial services. Its core...

αSK

BitGo Holdings, Inc.(BTGO): Peeking at the IPO Prospectus of a Digital Asset Infrastructure Company

​BitGo Holdings files for IPO on NYSE, expected to debut in October with strong revenue and net income figures. Acquisition by Galaxy Digital fell...

IPO Boutique

BitGo Holdings files for IPO on NYSE, expected to debut in October with strong revenue and net income figures. Acquisition by Galaxy Digital fell...