Julie Chang

It marks the first major test for digital asset company IPOs since the sector's market downturn late last year.

Priced yesterday at $18 a share, the offering valued BitGo at over $2 billion and raised nearly $213 million by selling just under 12 million shares.

The stock opened today above $22.

BitGo revealed its financials in a filing last week.

The company has been profitable.

It generated more than $4 billion in revenue during the first six months of 2025, a significant increase from a little over $1 billion a year earlier.

And Autodesk plans to cut about 1,000 jobs, or roughly 7% of its workforce, as part of a global restructuring plan.

The maker of AutoCAD and other digital design software said a significant portion of the job cuts will be within customer-facing sales functions, with the plan concluding by the end of fiscal year 2027.

For a deeper dive into what's happening in tech, check out Friday's Tech News Briefing podcast.

Here's your morning TNB Tech Minute for Thursday, January 22nd.

I'm Julie Chang for The Wall Street Journal.

Foxconn and Mitsubishi Fuso Truck & Bus have agreed to set up a bus company in the second half of this year to develop and sell electric buses in Japan and abroad.

Fuso is Daimler Truck Holdings Japan unit.

Here's your afternoon TNB Tech Minute for Wednesday, January 21st.

I'm Julie Chang for The Wall Street Journal.

Blue Origin plans to build a satellite network that would compete with SpaceX's Starlink business.

Jeff Bezos' space company would also compete with the satellite division his former company Amazon has been deploying.

Blue Origin said today it aims to start deploying TerraWave, a more than 5,400 satellite constellation in near-Earth orbit, toward the end of next year.

It would target businesses, data centers, and government customers.

The move into internet connectivity is a new venture for Blue Origin, which has historically focused on developing rockets.