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Stock impact report

BitGo prices IPO at $18, pitching custody growth over crypto trading swings [Yahoo! Finance]

Gemini Space Station, Inc. - Class A (GEMI) 
Company Research Source: Yahoo! Finance
The offering values the company at roughly $2 Billion on a fully diluted basis, a relatively modest entry point compared with other listed crypto-related firms whose valuations are often tied to volatile trading volumes. BitGo is scheduled to begin trading on the New York Stock Exchange on Wednesday under the ticker BTGO. The pricing comes after a difficult stretch for publicly listed crypto companies due to crypto price volatility. Several crypto-related firms that went public in 2025 have sharply underperformed over the past six months. Shares of Bullish, the owner of CoinDesk, are down more than 40% over that period, while Owlting, a stablecoin infrastructure and payments company, has fallen nearly 90%. Gemini Space Station, the crypto custody and trading firm affiliated with the Winklevoss twins, is down close to 70%. Over the same period, the CoinDesk 20 index has slid about 33%, highlighting how broadly public market investors have de-rated the sector amid falling token p Show less Read more
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