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04/13/2026

Ledger Enlists Wall Street Giants for $4 Billion IPO Push

Hardware wallet maker Ledger is preparing for a $4 billion initial public offering, enlisting Goldman Sachs, Jefferies, and Barclays as underwriters.

Ledger Enlists Wall Street Giants for $4 Billion IPO Push

What happened: Hardware wallet maker Ledger is preparing for a $4 billion initial public offering, enlisting Goldman Sachs, Jefferies, and Barclays as underwriters. The move comes as the company seeks to capitalize on growing institutional demand for crypto custody solutions. Ledger has dominated the retail hardware wallet market with an estimated 15% share of the global crypto storage market.

Why it matters: A successful Ledger IPO would mark one of the largest crypto-adjacent public offerings since Coinbase's $85 billion debut in 2021. The $4 billion valuation suggests strong investor appetite for crypto infrastructure plays, particularly as institutions increasingly demand sophisticated custody solutions. This could signal broader mainstream acceptance of crypto storage as a legitimate financial service category.

Source: Decrypt