BitGo is aiming for a valuation of up to $1.96 billion in its upcoming IPO, looking to raise $201 million by selling shares priced between $15 and $17. The move comes as the IPO market shows signs of recovery, with increased interest from institutional investors in digital assets.

Shares of crypto exchange Bullish surged after its IPO, raising approximately $1.1 billion and opening at $90, 143% above its initial price of $37. The company aims to attract institutional investors, with total trading volume exceeding $1.25 trillion since its launch in 2021, and has a current market value of about $10.25 billion.