Hardware Wallet Giant Ledger Targets $4 Billion Public Debut
Crypto hardware wallet manufacturer Ledger has enlisted Goldman Sachs, Jefferies, and Barclays to lead what could become a $4 billion initial public offering.
What happened: Crypto hardware wallet manufacturer Ledger has enlisted Goldman Sachs, Jefferies, and Barclays to lead what could become a $4 billion initial public offering. The move comes as institutional adoption of crypto storage solutions accelerates, with Ledger controlling significant market share in the hardware wallet space.
Why it matters: This IPO would mark one of the largest crypto-adjacent public offerings to date, signaling institutional confidence in long-term crypto adoption. The valuation reflects growing demand for secure crypto custody solutions as both retail and institutional investors seek alternatives to exchange-based storage.
Source: Decrypt