Barron's: IPOX® CEO Josef Schuster Comments on BitGo's IPO and Market Selectivity

In a recent article by Barron's, the upcoming IPO of digital wallet and custody firm BitGo is analyzed amidst a backdrop of crypto market volatility. Set to trade on the NYSE under the ticker BTGO, BitGo is targeting a valuation of approximately $2 billion, aiming to raise nearly $190 million. The article highlights that unlike many speculative listings, BitGo is profitable, having reported significant net income of $156.6 million in 2024.

The article puts BitGo's debut within a broader context of recent crypto-related listings, such as Circle and Galaxy Digital, and upcoming activity like EquipmentShare.com. However, it notes that the market remains selective, with several recent high-profile IPOs failing to maintain their offer prices, creating a challenging environment for new issuers.

IPOX® Founder Josef Schuster provided expert commentary on the factors influencing investor demand for BitGo. He acknowledged the company's profitability as a positive differentiator but cautioned that the wider market environment remains disciplined. Schuster noted that recent post-IPO declines in other sectors suggest that investors are scrutinizing valuations carefully.

“BitGo's ability to make money is a good sign... [however] there won't be 'indiscriminate demand for the stock.'”

Read the full article by Paul R. La Monica on Barron's: The First Crypto IPO of 2026 Is Coming Soon. It's a Risky Bet.