BitGo Holdings priced its initial public offering at $18 per share, above the marketed range, according to people familiar with the matter, Bloomberg reported.

The cryptocurrency firm and some of its backers sold 11.8 million shares in the offering, the people said, asking not to be identified as the information isn’t public. The shares were marketed for $15 to $17 each.

The IPO was multiple times oversubscribed, Bloomberg News reported earlier.

Deliberations are ongoing and details could still change, the people said. A representative for BitGo declined to comment.

At that price, BitGo and its backers would raise $212.8 million, and the company would have a market value of more than $2 billion based on the outstanding shares listed in its filings with the US Securities and Exchange Commission.

BitGo is the first crypto company to proceed with an IPO in 2026, following a wave of listings in the sector last year. But crypto markets have since pulled back, with Bitcoin prices falling 6.5% in 2025.

The offering is being led by Goldman Sachs and Citigroup. BitGo is expected to start trading on the New York Stock Exchange Thursday under the symbol BTGO.