←RETURN TO 2026 IPO RADAR DECK (135 OFFERINGS)COHORT STANDING: #123 of 135
Verified SEC Filing/Calendar Year 2026
NASDAQFinancials
$BTGO
CRATER (<-50%)
BitGo Holdings
Legal Entity: BitGo Holdings, Inc.
OFFER PRICE$20.00
CURRENT PRICE
$7.33
CUMULATIVE RETURN
-63.33%
PRICING DATE: 1/22/2026SEC FILING SNAPSHOT
SECTION 01 // FORENSIC TEARDOWN
The Seagull Executive Verdict
SURVIVAL RATING: CRATER
WHAT THE BUSINESS DOES
Secures and custodies cryptocurrency and digital assets for institutional clients, generating revenue through custody fees and transactional services.
THE WALL STREET PITCH
N/A
THE COLD REALITY
N/A
SECTION 02 // CAPITAL ALLOCATION
Capital Formation & Float Scarcity
FLAG: TREASURY GROWTH
Gross Proceeds
$150.0M
Cash extracted from market
Post-Money Value
Undisclosed
Total company valuation
Public Float %
18.5%
Shares available to public
Secondary Share %
0%
Insider cash extraction
CAPITAL USE ANALYSIS
Standard primary capital raise for general working capital.
SECTION 03 // SUPPLY SHOCK AUDITOR
Insider Lock-Up Expiration
VC DUMP RISK: ELEVATED
Expiration Calendar Date
2026-07-21
LOCKUP EXPIRED
Supply Shock Multiplier
N/A
Float expansion ratio upon unlock
Lockup Duration
180 Days
Contractual restriction window
SECTION 05 // COHORT BENCHMARK
Sector Peer & Cohort Telemetry
RANK: #123 of 135
2026 Cohort Standing
#123 of 135
Out of 135 total 2026 IPO offerings
Sector Median Return
+0%
Financials sector midpoint
Sector Win Rate
44%
% of peer IPOs trading in profit
PERFORMANCE VS PEERS
BitGo Holdings is currently trading below the Financials sector median of 0%. Across the entire 2026 calendar year cohort, only 44% of Financials offerings have sustained a positive return above their initial offer price.