The IPO Buzz: BitGo Holdings & EquipmentShare On Stage in MLK Holiday Week

Crypto and construction share the limelight during this short holiday week. BitGo Holdings (BTGO Proposed), the leading crypto infrastructure platform, and EquipmentShare.com (EQPT Proposed), a construction equipment rental company with its own online platform, are going public this week. The two IPOs would raise a total of $936.5 million – if both are priced at the mid-point of their price ranges.

The U.S. stock market was closed on Monday, Jan. 19, 2026, for the federal holiday honoring the birthday of the slain civil rights leader, Rev. Dr. Martin Luther King, Jr.

Crypto Infrastructure Platform

BitGo Holdings (BTGO Proposed) is offering 11.82 million shares at a price range of $15.00 to $17.00 to raise $189.15 million, if priced at the $16.00 mid-point. The company is offering 11 million shares and selling shareholders are offering 821,595 shares, according to the prospectus.

BitGo’s IPO is set to price Wednesday night, Jan. 21, to trade Thursday, Jan. 22, on the New York Stock Exchange.

Goldman Sachs and Citigroup are leading the joint book-running team.

BitGo Holdings (BTGO Proposed), based in Sioux Falls, South Dakota, is the leading crypto infrastructure platform. The company offers services ranging from custody and wallet to staking, trading and settlement to institutional clients and high net worth (HNW) individuals. The company was incorporated in 2011 under a different name.

BitGo is profitable: It reported net income of $164.65 million on revenue of $11.14 billion for the 12 months that ended Sept. 30, 2025, according to financial statements in the prospectus.

Construction Equipment Rental Platform

EquipmentShare.com (EQPT Proposed) is offering 30.5 million shares at a price range of $23.50 to $25.50 to raise $747.3 million, if priced at the $24.50 mid-point of its range.

EquipmentShare’s IPO is set to price Thursday night, Jan. 22, to trade Friday, Jan. 23, on the NASDAQ.

Goldman Sachs, Wells Fargo Securities, UBS Investment Bank, Citigroup and Guggenheim Securities are the lead book-running managers.

EquipmentShare.com (EQPT Proposed), based in Columbia, Missouri, manages its $8.1 billion inventory of heavy construction equipment through its proprietary T3 digital platform. Its customers –  typically large general contractors – can rent equipment through EquipmentShare’s own T3 platform online – or at one of its 373 locations in 45 states, the prospectus said.

“We have a large and diverse fleet sourced from premium brands, including John Deere, JLG, CASE, Genie, JCB, Cummins, Toyota, and Hitachi,” EquipmentShare said in the prospectus.

“We rent a broad general construction lineup (earthmoving, aerial, material handling) and a growing specialty portfolio. As of September 30, 2025, we estimate that approximately 15% (15 percent) of our rental OEC is specialty, including power generation, pumps, HVAC, and industrial tooling solutions.”

Note: OEC is defined as the total original cost of equipment that is under our management that we own or have the rights to rent or sell to customers under our manufacturer purchase agreements, according to the prospectus.

EquipmentShare is not profitable:  Net loss of $70 million on revenue of $4.36 billion for the 12 months that ended Sept. 30, 2025, according to financial statements in the prospectus.

Satellite Maker’s IPO Next Week

Looking ahead to next week, York Space Systems  (YSS Proposed) expects to raise about $512 million. York’s IPO – an NYSE listing –  was among a flurry of five big IPO filings after the closing bell on Friday.  

York’s deal is coming “months ahead of a planned SpaceX IPO that could be the biggest-ever listing,” as Bloomberg News has reported.

York Space Systems, a satellite company, is a U.S. Department of Defense contractor. It’s based in the Denver suburb of Greenwood Village, Colorado. York is not profitable, according to financial statements in the prospectus.

Goldman Sachs, Jefferies and Wells Fargo Securities are leading the joint book-running team for York Space Systems’ IPO. J.P. Morgan, Citigroup, Truist, Baird and Raymond James are also on the joint book-running team, according to the prospectus.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Source: https://www.iposcoop.com/the-ipo-buzz-bitgo-holdings-equipmentshare-on-stage-in-mlk-holiday-week/