Crypto asset custody firm BitGo Holdings debuted on the New York Stock Exchange on Thursday, experiencing significant price volatility on its first day of trading. The company's Class A shares (BTGO) surged rapidly after the opening bell, soaring as much as 36% to $24.50 during the day, before giving back most of its gains. BitGo's IPO price was $18 per share, raising approximately $213 million and valuing the company at over $2 billion. At the close, BTGO was trading at $18.49, up about 2.7% for the day; in after-hours trading, the price fell back to around $18.35, essentially returning to near the IPO price. Market analysts pointed out that BitGo's dramatic first-day volatility reflects the high level of investor interest and divergent expectations surrounding crypto infrastructure companies. Meanwhile, its peers, such as Anchorage Digital and Kraken, are reportedly evaluating the possibility of launching IPOs this year.