Ledger discloses $50 million Q4 secondary sale as IPO plans remain open
Ledger completed a $50 million secondary share sale in Q4 while keeping its long-term IPO plans flexible based on market conditions.Summary
Crypto hardware firm Ledger disclosed that it executed a $50 million secondary share sale in the fourth quarter of last year, providing liquidity to an early investor. CEO Pascal Gauthier confirmed the transaction, stating that the company is not committing to a near-term public listing, as its future path—remaining private or pursuing an IPO—will depend on market conditions. This follows earlier reports that Ledger had explored a potential U.S. IPO that could value the company at over $4 billion. The secondary sale occurs as Ledger expands its U.S. presence, recently appointing a new CFO and opening a New York office, while also growing its offerings beyond hardware with new enterprise security tools and an enhanced Ledger Wallet app featuring trading and yield opportunities.
(Source：The Block)