Ledger Eyes $4B US IPO Amid Crypto Security Boom
French hardware wallet manufacturer Ledger is preparing for a U.S. stock market listing in New York, potentially valuing the company at over $4 billion. The IPO, expected as early as this year, involves Goldman Sachs, Jefferies, and Barclays as key advisors.
Founded in Paris in 2014, Ledger achieved record revenues exceeding $100 million in 2025. The company's current valuation stands at approximately $1.5 billion, reflecting growing demand for secure offline wallets amid rising cryptocurrency thefts and hacks.
CEO Pascal Gauthier cites strong investor interest and escalating security needs as primary drivers for the U.S. IPO. The MOVE comes as institutional adoption of cold storage solutions accelerates across traditional finance and crypto-native firms.