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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
04/12/2026

Ledger Hardware Wallet Maker Targets $4B Public Debut

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

Ledger Hardware Wallet Maker Targets $4B Public Debut

What happened: French hardware wallet manufacturer Ledger is preparing for a $4 billion initial public offering, enlisting Goldman Sachs, Jefferies, and Barclays as underwriters. The IPO represents one of the largest crypto-related public offerings planned for 2026. Bitcoin ETFs recorded $471 million in net inflows on the first trading day of 2026, the highest single-day total since November 11.

Why it matters: A successful $4B Ledger IPO would validate the hardware security market and provide public market exposure to crypto infrastructure growth. The record ETF inflows demonstrate continued institutional appetite despite Bitcoin trading sideways, suggesting patient capital accumulation at current levels.

Source: Decrypt