Ledger targets $4B+ US IPO amid rising crypto security demand

Ledger plans a US IPO with a potential $4B+ valuation, working with Goldman Sachs, Jefferies, and Barclays. The company, valued at $1.5B in 2023, grew rapidly as crypto security demand surged.

Ledger, a French company specializing in hardware wallets for cryptocurrency security, is preparing for an initial public offering (IPO) in the United States. The potential valuation could exceed $4 billion. To facilitate the IPO, Ledger is working with major banks such as Goldman Sachs, Jefferies, and Barclays. The transaction could be completed as early as this year, though details are not yet finalized. Founded in Paris in 2014, Ledger has become a leading provider of cold wallet storage devices, enabling users to store private keys offline and reduce hacking risks. The company experienced significant growth in 2023, driven by increased demand for secure custody solutions amid rising crypto thefts, and reported annual revenues in the hundreds of millions. Ledger was valued at $1.5 billion in 2023 after raising funds from investors including True Global Ventures and 10T Holdings. The planned IPO comes amid heightened investor interest in digital asset infrastructure and follows a trend of crypto companies pursuing public listings.