The crypto IPO market is showing signs of recovery, with a shift towards companies focused on security and regulated infrastructure. BitGo priced its IPO at $18 per share on January 21, valuing the custody platform at $2.08 billion. Following the IPO, shares opened at $22.43, a 24.6% increase. Ledger, a hardware wallet maker, is reportedly preparing for a New York listing targeting a valuation above $4 billion. CertiK, a blockchain security auditor, is also exploring a roughly $2 billion IPO. This trend suggests that public markets are favoring regulated infrastructure over token-exposed ventures. Companies like BitGo, Ledger and CertiK are positioning themselves as secure and compliant options for institutional investors.

The crypto IPO market is showing signs of recovery, with a shift towards companies focused on security and regulated infrastructure. BitGo priced its IPO at $18 per share on January 21, valuing the custody platform at $2.08 billion. Following the IPO, shares opened at $22.43, a 24.6% increase. Ledger, a hardware wallet maker, is reportedly preparing for a New York listing targeting a valuation above $4 billion. CertiK, a blockchain security auditor, is also exploring a roughly $2 billion IPO. This trend suggests that public markets are favoring regulated infrastructure over token-exposed ventures. Companies like BitGo, Ledger and CertiK are positioning themselves as secure and compliant options for institutional investors.