BitGo Holdings prices US IPO at $18, Bloomberg News reports

Jan 21 (Reuters) – BitGo Holdings has priced its initial public offering at $18 per share, Bloomberg News reported on Wednesday, citing people with knowledge of the matter; above this market range.

Reuters could not immediately confirm the report. BitGo declined to comment.

Based on outstanding shares listed in filings with the U.S. Securities and Exchange Commission, BitGo and its backers would raise $212.8 million for that price, valuing the company at more than $2 billion, the report said.

The Palo Alto, California-based firm and some existing shareholders are offering 11.8 million shares in the IPO.

Goldman Sachs and Citigroup are the lead underwriters on the offering.

BitGo will be listed on the New York Stock Exchange under the symbol “BTGO”.

(Reporting by Bipasha Dey in Bengaluru; Editing by ‌Subhranshu Sahu ‌and Sherry Jacob-Phillips)