BitGo Prices IPO at $213 Million, EquipmentShare Raises $747 Million with 33% First Day Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: renaissancecapital
- BitGo IPO Performance: BitGo priced its US IPO at $213 million, achieving a market cap of $2.2 billion, and despite an initial 25% gain, the stock closed 19% below the offer price, indicating market caution towards digital asset infrastructure.
- EquipmentShare.com Success: EquipmentShare.com raised $747 million with a market cap of $6.7 billion, and its shares surged 33% on the first day, reflecting strong demand in the construction equipment rental market and the effectiveness of its digital platform.
- SPAC Market Activity: Six SPACs went public this week, with Helix Acquisition III and Archimedes Tech SPAC Partners III upsizing their offerings, demonstrating ongoing investor interest in healthcare and technology sectors.
- IPO Market Overview: As of January 22, 2026, the Renaissance IPO Index has risen 3.8% year-to-date, outperforming the S&P 500's 1.1% increase, highlighting the strong performance of newly public companies relative to the broader market.
Analyst Views on BTGO
Wall Street analysts forecast BTGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTGO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About BTGO
BitGo Holdings, Inc. is a digital asset infrastructure company. The Company's technology platform is structured into four distinct layers: self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service solutions. The Company's products include Wallet Services, Financial Services, Protocol Solutions and Build with BitGo. Its Wallet Services include Qualified Custody, Custody Wallets, Bitcoin Treasuries, Crypto Treasuries, Go Account, Self-Custody, Hot Wallets, Cold Wallets and Wallet-As-A-Service. Its Financial Services include Liquidity, Financing, Collateral Management, Wealth Management, Settlement, Go Network and Real World Assets. Its Protocol Solutions include Staking Services, Restaking, Bitcoin Staking, Token Management, Listing Services, Stablecoin-as-a-Service, USD1, and GENIUS Act. Its Build with BitGo products include Crypto-as-a-Service, BitGo SDK, REST APIs and Express. Its solutions by segment include institutional, platform and individuals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
