PANews reported on January 23 that BitGo (BTGO), a cryptocurrency custody company, priced its IPO at $18. The stock price rose by about 20% on its first day of trading, reaching a peak valuation of approximately $2.6 billion. The company and its shareholders sold a total of 11.8 million shares, raising approximately $213 million. The company also disclosed that it expects to achieve a profit of $35 million and manage approximately $104 billion in assets under custody for the first three quarters of 2025.