BitGo, a crypto custody startup based in Palo Alto, plans to go public in the U.S. with an initial public offering (IPO) targeting a valuation of up to $1.96 billion. The company aims to raise around $201 million by offering 11.8 million shares priced between $15 and $17 each. This move comes amid a recovering IPO market, despite ongoing challenges like tariff-related volatility and economic uncertainties. The firm will list on the New York Stock Exchange under the ticker symbol "BTGO." As interest in the crypto sector grows, BitGo is looking to capitalize on investor demand for companies in this space. The IPO reflects a broader trend as more firms navigate the public markets, seeking capital and visibility in a fluctuating economic climate.