BitGo Holdings' shares have slipped below their initial public offering (IPO) price on the New York Stock Exchange, following a volatile debut. Initially priced at $18 per share, BitGo's stock surged by 25% on its first trading day, reflecting strong investor interest in crypto infrastructure. However, the stock has since declined, dropping as much as 13.4% below the IPO price by Friday. The decline highlights investor caution amid a limited public float and broader market unease surrounding crypto-linked equities. Despite BitGo's valuation of approximately $2 billion at the IPO, the volatility underscores the challenges faced by crypto companies in maintaining investor confidence. The IPO's performance reflects a market balancing act between long-term growth potential and immediate liquidity concerns in the crypto sector.