Ledger plans to conduct a $4 billion IPO on the New York Stock Exchange, with a valuation three times higher than in 2023

2026-01-23 14:34:40

Source: CryptoNewsNet Original Title: Ledger said to seek $4 billion IPO in New York, tripling 2023 valuation: FT Original Link: Ledger is a French hardware crypto wallet manufacturer planning an IPO on the New York Stock Exchange this year, with a valuation exceeding $4 billion. According to the Financial Times, Ledger is working with Goldman Sachs, Jefferies, and Barclays to complete the IPO this year.

The company was founded in 2014 and reached a valuation of $1.5 billion during its 2023 funding round. Investors include True Global Ventures and 10T Holdings. Ledger CEO Pascal Gauthier mentioned the potential IPO plans to the Financial Times in November, stating that as hacking attacks reached record highs, the company’s revenue also grew, reaching hundreds of millions of dollars.

Meanwhile, digital asset custody provider BitGo went public on Thursday, with a set share price of $18, closing up nearly 2.7%, and a valuation of over $2 billion. BitGo became the first cryptocurrency company to go public this year, after the performance of crypto companies was pressured by Bitcoin price fluctuations. Several companies planning to go public in 2025 have performed poorly over the past six months.

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