Crypto custody firm BitGo is planning a U.S. initial public offering, aiming for a valuation of up to $1.96 billion and seeking to raise approximately $201 million by offering 11.8 million shares at $15-$17 each. This move occurs as the IPO market shows signs of recovery, with other crypto and fintech firms also preparing for public listings. Despite a recent crypto selloff and market volatility, BitGo, founded in 2013, aims to capitalize on growing institutional interest in digital assets. Goldman Sachs and Citigroup are leading the offering.