Ledger To Turn Crypto Security into Wall Street Gold in $4 Billion IPO

French crypto hardware wallet provider Ledger is reportedly exploring a potential Initial Public Offering (IPO) in the United States, engaging investment banks Goldman Sachs, Jefferies, and Barclays for the listing, which could value the company at over $4 billion. This valuation significantly surpasses its $1.5 billion valuation from 2023. CEO Pascal Gauthier previously indicated interest in US capital markets, noting that funding for crypto is concentrated in New York. The move comes amid strong revenue growth for Ledger, potentially driven by increased demand for hardware wallets due to rising crypto hacks and losses. However, the announcement has drawn criticism from investigator ZachXBT, who cited Ledger's past customer data breaches and current product issues, alongside recent controversial decisions like charging for 'clear signing.' Ledger's potential IPO follows recent public listings by other crypto firms like BitGo, Circle, and Gemini.

(Source：BeInCrypto)