BitGo, a cryptocurrency custody startup, said on Monday that it aims for a valuation of up to $1.96 billion in its US initial public offering (IPO), as it looks to capitalise on growing investor appetite for crypto companies. The listing comes at a time when demand for digital asset firms has picked up, driven by improving market sentiment and greater institutional participation in the sector amid improved regulatory clarity. The Palo Alto, California-based company, along with some of its existing shareholders, has a target to raise as much as $201 million through the IPO by offering 11.8 million shares, Reuters reported.
