Hardware Wallet Giant Ledger Prepares $4 Billion IPO
Ledger, the French cryptocurrency hardware wallet manufacturer, is preparing for a $4 billion initial public offering with Goldman Sachs, Jefferies, and Barclays serving as underwriters
What happened: Ledger, the French cryptocurrency hardware wallet manufacturer, is preparing for a $4 billion initial public offering with Goldman Sachs, Jefferies, and Barclays serving as underwriters. The move comes as the company seeks to capitalize on growing institutional demand for secure crypto custody solutions.
Why it matters: A successful Ledger IPO would mark a significant milestone for crypto infrastructure companies accessing traditional capital markets. The $4 billion valuation reflects the maturation of the crypto custody sector and growing recognition of hardware security's importance as institutional adoption accelerates.
Source: Decrypt