Crypto Firm BitGo, Backers Raise $212.8 Million in US IPO

BitGo Holdings Inc. and some of its backers raised $212.8 million in a US initial public offering, pricing its shares above the marketed range.

The cryptocurrency firm priced the shares at $18 each, according to a statement Wednesday confirming an earlier Bloomberg News report, above the marketed range of $15 to $17. BitGo sold 11.026 million shares and the selling shareholders sold 795,230 shares.

The IPO was multiple times oversubscribed, people familiar with the matter have said.

At the IPO price, BitGo has a market value of about $2.1 billion based on the outstanding shares listed in its ...