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Cryptocurrency firm BitGo (NYSE: $BTGO ) has priced its initial public offering (IPO) at $18 U.S. per share.

The company is the latest crypto entity to go public and the first crypto-focused IPO of 2026. BitGo runs a digital asset custody business.

The stock offering values BitGo at $2 billion U.S., a modest amount that would make the company a small-cap stock, defined as any concern with a market value below $10 billion U.S.

BitGo is scheduled to begin trading on the New York Stock Exchange (NYSE) on Jan. 22 under the ticker symbol "BTGO."

The market debut of BitGo comes after several high-profile crypto IPOs in 2025 underperformed and disappointed investors.

Shares of crypto firm Bullish (NYSE: $BLSH ) are down more than 40% since its IPO last year. Crypto exchange Gemini (NASDAQ: $GEMI ) has seen its share price fall 70% since it went public.

Still, expectations are reasonably high for BitGo, whose focus on custody and staking services gives its more predictable earnings than many other crypto firms.

BitGo's revenue has been estimated at $160 million U.S. to $170 million U.S. annually.

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