Key Takeaways
- BitGo plans to rob as much as $201 million by promoting 11.8 million shares, potentially giving the firm a valuation of $1.9 billion.
- The firm intends to use the funds for working capital, product construction, and capability acquisitions.
Crypto custodian BitGo is searching for to rob as grand as $201 million during the sale of 11.8 million shares, which may perchance presumably give the firm a valuation of $1.9 billion, per a brand contemporary SEC submitting.
The offering, which involves 11 million shares sold by the firm and further shares from existing stockholders, will happen on the Original York Stock Alternate, where the firm plans to checklist under the ticker symbol BTGO.
BitGo plans to use proceeds for working capital, product construction, and capability acquisitions or investments.
The firm just just as of late received conditional approval from the Inform of enterprise of the Comptroller of the Currency (OCC) to noticeably change its whisper charter correct into a federal charter, enabling it to purpose under a unified whisper of federal guidelines nationwide.
