Ledger considering New York IPO or fundraise as demand for hardware wallets climbs: FT
Ledger is planning a New York IPO or private fundraise next year due to record financial performance driven by rising hardware wallet demand.Summary
Hardware wallet manufacturer Ledger is preparing to raise additional capital, likely in 2025, as surging demand for its crypto security devices leads to its strongest financial performance on record, with revenues reaching triple-digit millions so far this year. CEO Pascal Gauthier told the Financial Times that the Paris-based company is considering either a listing in New York or a private funding round, noting that "money is in New York today for crypto." Ledger, last valued at $1.5 billion in 2023, secures about $100 billion worth of bitcoin for its customers. This growth occurs amid a challenging security environment in crypto, with $2.17 billion stolen in the first half of 2025, and a rise in physical threats like "wrench attacks," exemplified by the kidnapping of co-founder David Balland earlier in the year.
(Source：The Block)