Ledger mulls New York IPO at over $4 billion valuation: FT
Ledger is exploring a U.S. IPO with investment banks, potentially valuing the crypto hardware wallet maker above $4 billion.Summary
French hardware wallet manufacturer Ledger is reportedly considering a U.S. initial public offering that could assign the company a valuation exceeding $4 billion, according to the Financial Times. Ledger has engaged Goldman Sachs, Barclays, and Jefferies as advisors for the potential IPO, which might occur as early as this year, although plans are not finalized. This move follows CEO Pascal Gauthier's previous statements about considering a New York IPO due to the concentration of crypto capital in the U.S. compared to Europe. Ledger, founded in 2014, was valued at $1.5 billion in 2023, meaning a $4 billion IPO valuation would represent a significant increase. The potential listing occurs amid a recent acceleration of public offerings by crypto companies in the U.S., including BitGo, Circle, Bullish, and Gemini.
(Source：The Block)