BitGo stock rises 25% on first day of trading

BitGo (BTGO) stock rose 25% from its initial public offering price on its first day of trading, according to CoinDesk. The stock, which was priced at $18 for its IPO, opened at $22.43 on Jan. 22. The company is valued at approximately $2 billion. Ondo Finance (ONDO) had previously announced the launch of a tokenized version of BitGo's stock.