Ledger, the Paris-based manufacturer of highly secure cryptocurrency hardware wallets, is reportedly in the preliminary stages of planning a substantial Initial Public Offering (IPO) in the United States. Sources close to the company indicate that Ledger is aiming for a valuation reaching approximately $4 billion upon listing.
This strategic move to the US market, likely targeting either the Nasdaq or the New York Stock Exchange (NYSE), underscores Ledger’s ambition to access significant growth capital and attract a broader base of institutional investors heavily concentrated in North America. A successful listing at this valuation would mark a major milestone for one of Europe’s leading crypto infrastructure firms.
Ledger specializes in devices that enable users to self-custody their digital assets, a security measure that has gained critical importance following numerous high-profile failures and security breaches among centralized cryptocurrency exchanges. The demand for robust self-custody solutions has driven significant growth for the company since its last funding round in 2021, which valued it at $1.5 billion.
While discussions with potential investment banks are said to be underway, official timelines for the public offering have not been finalized. The process will require Ledger to navigate the stringent compliance and reporting requirements mandated by US financial regulators.
Source: Hardware Wallet Manufacturer Ledger Eyes $4B US IPO Listing: Report
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