Ledger Targets $4B U.S. IPO Amid Surging Demand for Crypto Security
Ledger, the Paris-based crypto hardware wallet giant, is advancing toward a U.S. initial public offering with a projected valuation exceeding $4 billion. The firm has enlisted Goldman Sachs, Barclays, and Jefferies to steer the listing, signaling Wall Street's growing appetite for blockchain security infrastructure.
Revenue records in 2025 underscore Ledger's dominance as institutional and retail investors flock to offline storage solutions. The company's valuation has nearly tripled since its 2023 $1.5 billion benchmark, reflecting heightened demand following high-profile exchange breaches.
Hardware wallets now represent the gold standard for digital asset protection, with Ledger's devices becoming ubiquitous across crypto portfolios. This IPO will test public markets' reception to pure-play blockchain security firms as regulatory scrutiny intensifies globally.
