Crypto custodian BitGo down 12%, falling well below IPO price on second trading day

On its second day of trading, the cryptocurrency custodian BitGo experienced a significant decline, with its share price dropping by 12%. This decrease has resulted in the company’s stock price falling considerably below the initial public offering (IPO) price, raising concerns among investors about its market performance and future prospects. source: https://www.coindesk.com/markets/2026/01/23/crypto-custodian-bitgo-shares-fall-13-on-second-day-of-trading