<div id="readability-page-1"><div>(Corrects January 22 story to say BitGo received approval, not conditional approval to convert its state trust bank charter to a national charter in paragraph 11) Jan 22 (Reuters) - BitGo hit a $2.59 billion valuation after its stock opened 24.6% higher in their New York debut on Thursday, as investors snapped up shares in 2026's first crypto IPO. The crypto custody firm's stock opened at $22.43 a share, above the $18 offer price. BitGo and some of its backers sold 11.8 million shares above the marketed range of $15 and $17 to raise $212.8 million. The listing comes as the crypto IPO window reopens following tepid activity after the U.S. government shutdown late last year. No major crypto-linked issuer went public in the U.S. in the fourth quarter. &#34;BitGo's IPO is the first major bellwether of the market's appetite for crypto listings in 2026. While Gemini listed near the peak of the crypto market last year, BitGo is going public into the headwinds of the recent selloff,&#34; IPOX research associate Lukas Muehlbauer said. A lighter regulatory approach under the Trump administration has boosted sentiment and encouraged several crypto-linked businesses to tap capital markets. Crypto asset manager Grayscale and exchange Kraken are among the industry players seen as near-term IPO candidates. The sector, however, remains volatile after a sharp selloff in the fourth quarter, raising the bar for companies looking to go public. Bitcoin fell 6.4% in 2025, marking its first annual loss since 2022. &#34;Marketing itself as a profitable and regulated &#34;digital asset infrastructure company&#34; instead of a pure token play, BitGo is positioned to be less prone to the day-to-day price movements of bitcoin,&#34; Muehlbauer said. Founded in 2013, BitGo is one of the few profitable crypto firms, having reported a net income of $35.3 million in the first nine months of 2025. Last month, BitGo received approval from a top U.S. banking regulator to convert its state trust bank charter to a national charter, allowing it to operate across the country. (Reporting by Atharva Singh and Arasu Kannagi Basil in Bengaluru; Editing by Tasim Zahid and Alan Barona)By Atharva Singh and Arasu Kannagi Basil</div></div>

BitGo 以 25.9 億美元的估值首次亮相，在紐約首次公開募股中以每股 22.43 美元開盤，較發行價上漲 24.6%，通過出售 1180 萬股籌集了 2.128 億美元。這標誌着 2026 年首個重要的加密貨幣首次公開募股，之前市場處於平靜期。BitGo 的盈利狀態以及最近獲得將其州信託銀行特許經營轉為國家特許經營的批准，使其在這個波動性較大的行業中處於有利位置。儘管近期市場面臨挑戰，這次首次公開募股反映了對加密貨幣上市的重新關注

BitGo debuts with $2.59 billion valuation as crypto IPO window reopens (Jan 22)

- BitGo 股票在紐約首日上漲 24.6%，估值達 25.9 億美元。  
- 公司通過發行 1180 萬股籌集 2.128 億美元。  
- BitGo 成為 2026 年首個主要的加密 IPO，反映市場對加密上市的興趣。

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BitGo 以 25.9 億美元的估值首次亮相，隨着加密貨幣 IPO 窗口的重新開啓（1 月 22 日）