Just requested a few shares on moomoo this morning. Since this could end up being one of the first notable crypto-related IPOs of 2026, I figured I’d test the waters with a small order.
BitGo is mostly focused on crypto custody. They reportedly hold over $90B in assets, mainly BTC, ETH, Solana, and a few other large-cap coins. Revenue for the first half of the year was around $4.1B, though they’re still operating at a loss. That doesn’t seem too unusual for crypto infrastructure companies that are still in growth mode.
I’ve used BitGo services a couple of times, but I don’t really see them talked about much in retail circles, which makes this IPO feel a bit under the radar. Hard to tell if the pricing will be aggressive or if there’s even room for a decent day-one pop. Personally, I’m not looking to hold this long term, more of a small IPO flip if the setup is there.