SPACs
Digital asset provider BitGo priced its US IPO above the expected range, raising $213 million at a $2.2 billion market cap. The company, which offers custody, lending, and infrastructure for institutional clients, saw shares open with a 25% gain before falling 19% below the offer price by week's end. This performance contrasts with a strong debut for equipment rental firm EquipmentShare.
Reported by AI
Special purpose acquisition companies targeting cryptocurrency treasury firms are at a critical juncture amid a sharp Bitcoin decline. Deals backed by figures like Brandon Lutnick and Anthony Pompliano face fading prospects. The plunge echoes challenges to the trend pioneered by Michael Saylor's firm.
November 25, 2025 18:46