Ledger prepares for IPO in the US, with an estimated valuation of 4 billion USD

According to a report by The Financial Times citing sources familiar with the matter, French hardware wallet manufacturer Ledger has been in talks with multiple investment banks to explore the possibility of an initial public offering (IPO) in the United States, with the company’s valuation potentially exceeding $4 billion. The report states that Ledger is currently working with investment banks such as Goldman Sachs, Barclays, and Jefferies to prepare for the IPO. If everything proceeds smoothly, the IPO could be launched as early as this year. However, the plan is still in the preliminary stage, and there are variables that could affect the outcome. In fact, news of Ledger’s intention to go public in the US is not new. As early as November last year, Ledger CEO Pascal Gauthier revealed that the company was considering an IPO or private placement in New York. He also mentioned that, as cybersecurity risks in the cryptocurrency market increase, user demand for self-custody assets has risen significantly, and Ledger’s revenue had already reached several hundred million euros by 2025.