BitGo Holdings (BTGO) had a successful IPO, raising $212.8 million by selling 11.8 million shares at an opening price of $18 per share. Shares initially surged 35% but settled lower. BitGo offers digital wallet solutions for over 1,000 tokens and operates in 90+ countries, with assets exceeding $104 billion.

Despite the drop in Bitcoin prices, interest in the crypto market remains high. BitGo, founded in 2013, offers multi-signature digital wallets and cold storage solutions. The company’s IPO valued it at $2.08 billion. President Trump’s administration supported crypto growth, with over 300 IPOs in 2025.

Recent crypto IPOs show mixed results. Coinbase (COIN) saw a -43% change, while Circle (CRCL) and Bullish (BLSH) had positive changes. BitGo (BTGO) aims to cater to institutional investors and fintech firms. However, market volatility remains a concern, with Bitcoin down 24% in the last six months.

Investing in IPOs like BitGo may require patience, as early losses are common. BitGo serves a wide customer base and operates under various regulatory frameworks globally. Retail investors may prefer established companies like Coinbase or Robinhood, but BitGo targets institutional players seeking exposure to blockchain and crypto.

Read more at Yahoo Finance: Should You Buy BTGO Stock After the BitGo IPO?