←RETURN TO 2026 IPO RADAR DECK (135 OFFERINGS)COHORT STANDING: #102 of 135
Verified SEC Filing/Calendar Year 2026
NASDAQOther
$ITG
RANGE-BOUND (-50% to +50%)
ITG
Legal Entity: BitGo Holdings, Inc.
OFFER PRICE$20.00
CURRENT PRICE
$15.66
CUMULATIVE RETURN
-21.69%
PRICING DATE: 7/1/2026SEC 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
2026-12-28
49 DAYS REMAINING
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: #102 of 135
2026 Cohort Standing
#102 of 135
Out of 135 total 2026 IPO offerings
Sector Median Return
-10.14%
Other sector midpoint
Sector Win Rate
42%
% of peer IPOs trading in profit
PERFORMANCE VS PEERS
ITG is currently trading below the Other sector median of -10.14%. Across the entire 2026 calendar year cohort, only 42% of Other offerings have sustained a positive return above their initial offer price.