Cryptocurrency caretaker service provider Bitgo envisage would have a first public offer (IPO) from the second half of the year.
The cabinet is in talks with potential advisers on a list, although no final decision has been doneBloomberg reported Tuesday February 11), citing anonymous sources.
Reached by Pymnts, Bitgo refused to comment on the report.
Bitgo was evaluated at $ 1.75 billion when he raised $ 100 million from investors in 2023, according to the Bloomberg report.
The company was founded in 2013 and is now one of the largest American police custody companies, serving more than 1,500 institutional customers in more than 50 countries and dealing around 8% of all world Bitcoin transactions per value, According to the report.
Bitgo said in December that it had started a dedicated retail platform designed to offer customers of retail access to the company digital active Exchange, staggered, portfolios and qualified childcare services.
The platform is designed To offer retail investors the even “White and crypto-natural solutions” that the company has offered At the global institutional market since 2013, CEO of Bitgo Mike Belshe Said at the time in a press release.
“Retail investors need a crypto-security platform for security, and we are delighted to serve as a trusted partner,” said Belshe. “We are impatient to improve the experience of investment, negotiation, storage and milestone for investors around the world.”
In November, a subsidiary of the company, Bitgo Singaporeannounced its official launch to provide digital active Services to the wider region of Asia-Pacific. The launch occurred about three months after Bitgo obtained its main license in payment institution of the Singapore monetary authority.
The Potential Bitgo Potential IPO came shortly after similar reports on other companies in cryptographic space.
He was reported Thursday (February 6) that cryptocurrency farm Gemini and crypto exchange operator Global Haussier both envisage IPOs on this year.
In January, while signaling this crypto exchange KrakenThe more income that doubled in 2024, going from $ 671 million to $ 1.5 billion, Kraken CO-PDG Arjun Sethi said that the company plans to continue to publish quarterly reports, which “gives us the possibility of lighting the lights when we are ready for the possibility” of a IPO.
