Crypto custody startup BitGo aims to raise about $201 million in US IPO

Jan 12 (Reuters) - BitGo is seeking to raise up to $201 million ​in its U.S. initial public ‌offering, the crypto custody startup said in ‌a regulatory filing on Monday.

The Palo Alto, California-based firm and some of its existing shareholders are offering 11.8 ⁠million shares ‌priced between $15 and $17 each.

The digital asset industry is experiencing ‍turbulence after a steep crypto selloff in October, which has raised the bar for ​companies in the sector seeking ‌investor support.

Founded in 2013, BitGo is one of the largest crypto custody firms in the United States. It stores and protects digital assets ⁠for clients, a role ​that has gained ​importance as institutional interest in crypto grows.

Goldman Sachs and Citigroup ‍are the ⁠lead underwriters for the offering.

BitGo intends to list on the New ⁠York Stock Exchange under the symbol "BTGO".

(Reporting by ‌Prakhar Srivastava in Bengaluru; Editing ‌by Vijay Kishore)