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Hardware wallet manufacturer Ledger plans to go public in the United States, with a valuation potentially exceeding $4 billion
Deep Tide TechFlow News, January 23 — According to the Financial Times, French hardware wallet manufacturer Ledger is planning an initial public offering (IPO) in the United States, with a valuation potentially exceeding $4 billion. The company has partnered with Goldman Sachs, Jefferies, and Barclays to facilitate this transaction, which could be completed as early as this year.
Founded in 2014, Ledger primarily sells hardware wallet devices similar to USB drives, enabling cryptocurrency investors to securely store digital assets. In 2023, after a funding round, Ledger’s valuation reached $1.5 billion, with investors including Singapore’s True Global Ventures and 10T Holdings.
Ledger CEO Pascal Gauthier stated in November last year that the company is considering going public in the U.S., and mentioned that the company’s annual revenue has already reached over one hundred million dollars.