BitGo Stock Dives Below IPO Price on Second Day of Trading: Report
Shares of BitGo, a crypto custody firm, experienced a significant drop on its second day of trading following its IPO. According to reports, the stock price plummeted nearly 22%, falling below the initial offering price. The development highlights the volatile nature of newly public companies in the cryptocurrency sector. This decline could reflect broader market concerns or specific investor reactions to BitGo's financial prospects and competitive positioning.
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