Ledger Plans US IPO, Targets $4B Valuation
Ledger, a French company that makes hardware designed to securely store cryptocurrency, reportedly plans to launch an initial public offering (IPO) in the United States.
The company is working with bankers and could launch an IPO as soon as this year, the financial Times (FT) reported thursday (Jan. 22), citing unnamed sources.
Ledger was valued at $1.5 billion in 2023 and could be valued at over $4 billion in an IPO, according to the report.
The company’s plans could change, per the report.
Ledger did not instantly reply to PYMNTS’ request for comment.
ledger CEO Pascal Gauthier told the FT in November that he was considering a U.S. listing, the report said.
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“Money is in New York today for crypto, it’s nowhere else in the world, it’s certainly not in Europe,” he said, per the report.
Ledger’s hardware wallets enable crypto owners to store their private keys offline, where they are not susceptible to online attacks, according to the company’s website. As the wallets are non-custodial, they also en