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Crypto firm BitGo confidentially files for US IPO
BitGo, a provider of trust and security services for digital assets, said on Monday it has confidentially filed for a U.S. listing, as crypto firms race to capitalize on renewed market momentum.
Several high-profile companies, including those in riskier sectors like crypto and fintech, have launched successful listings in recent weeks, signaling pent-up demand and a rebound in capital markets activity.
BitGo's announcement follows the crypto sector's market value hitting $4 trillion last week, driven by renewed optimism, regulatory clarity in key markets, and rising institutional inflows.
The number of shares to be offered and the price range for the proposed initial public offering have not yet been determined, BitGo said.
Responses to a separate question on Brazil's potential GDP growth in 2026 in a "no deal" scenario pointed to a 1.6%-1.7% consensus range, virtually the same expansion as in the baseline case.
While the U.S. is the second biggest destination of Brazil's exports after China, analysts noted the Latin American country may avoid tariff impact by further redirecting trade to its top market in Asia.
Yet the median range for next year's inflation forecast under "no deal" was 4.4%-4.9%. This reflected some chances of Brazil exceeding the upper inflation goal bound of 4.5%, which would again frustrate the central bank.
Policymakers are expected to keep the country's benchmark interest rate at a two-decade high of 15% at least until the end of 2025, the poll showed.
"The main impact of a no-deal scenario and retaliation by Brazil would likely be on the exchange rate," Santander analysts wrote.
"Uncertainty about the effects of these events on the domestic economy would probably be reflected in currency depreciation and a reversal of the current inflation downward trend."
This article has been published in reuters.com via Yahoo News.
