According to the Financial Times, Ledger, a French hardware wallet manufacturer, is planning an initial public offering (IPO) in the United States, which could value the company at over $4 billion. The company is working with Goldman Sachs, Jefferies, and Barclays to advance the transaction, which could be completed as early as this year. Founded in 2014, Ledger primarily sells hardware wallet devices similar to USB drives, allowing cryptocurrency investors to securely store their digital assets. In 2023, Ledger reached a valuation of $1.5 billion following a funding round, with investors including Singapore-based True Global Ventures and 10T Holdings. Pascal Gauthier, Ledger's CEO, stated in November last year that the company was considering a U.S. listing, noting that the company's annual revenue had already reached over $100 million.
Ledger Plans U.S. IPO with Valuation Exceeding $4 Billion
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Summary
According to cryptocurrency news, French hardware wallet manufacturer Ledger is preparing for an IPO in the United States, with a potential valuation exceeding $4 billion. The company has enlisted Goldman Sachs, Jefferies, and Barclays to assist with the listing, which could occur as early as this year. Founded in 2014, Ledger produces USB-like devices for securing digital assets. In 2023, the company reached a $1.5 billion valuation following a funding round led by True Global Ventures and 10T Holdings. CEO Pascal Gauthier mentioned in November 2024 that the company was exploring a U.S. listing and reported annual revenue in the tens of millions. The IPO may reflect increased regulatory oversight under the evolving cryptocurrency regulations.
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