Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions
CoinDesk
French crypto security firm Ledger has paused its U.S. IPO plans due to ongoing market volatility and shifting investor sentiment.Summary
Ledger, the French cryptocurrency security firm known for its hardware wallets, has decided to put its U.S. initial public offering (IPO) on hold. Sources indicate the company is reassessing its market entry as volatile conditions reduce investor appetite for crypto-related listings. Although the company had previously engaged investment banks for a potential $4 billion valuation, it has not filed a registration statement with the SEC. Despite this delay, Ledger continues to expand its U.S. presence, recently appointing a new CFO and opening a New York City office to support its institutional platform, Ledger Enterprise.
(Source：CoinDesk)