According to ChainCatcher, cryptocurrency asset custodian BitGo Holdings went public on the New York Stock Exchange on Thursday, with significant price fluctuations on its first day of trading. The company's Class A shares (BTGO) surged rapidly after opening, reaching an intraday high of $24.50, a 36% increase, before largely retracing those gains. BitGo's IPO priced at $18 per share, raising approximately $213 million and valuing the company at over $2 billion. At the close of trading, BTGO was at $18.49, a rise of about 2.7% for the day; in after-hours trading, the stock dropped to around $18.35, nearly returning to its IPO price. Market analysts noted that the sharp volatility on BitGo's first trading day reflects both strong investor interest in and divergent expectations for crypto infrastructure companies. Meanwhile, its peers, including Anchorage Digital and Kraken, are also reportedly evaluating the possibility of launching IPOs this year.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.
