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Ledger Eyes US IPO with Goldman Sachs and Barclays, Valuation Potential Exceeds $4 Billion

Ledger, the prominent crypto wallet manufacturer, is gearing up for a potential initial public offering in the U.S. that could value the company at over $4 billion.

The firm has brought on major financial institutions like Goldman Sachs, Jefferies, and Barclays to assist with this significant move, which may occur as early as this year.

This decision aligns with Ledger’s strategic expansion in the U.S. market, particularly focusing on New York, where there is heightened institutional interest in digital assets.

CEO Pascal Gauthier emphasized that the company's growth has positioned it to navigate public-market scrutiny, asserting that the U.S. is the most suitable venue for a listing.

Currently, around 40% of Ledger's business is derived from North America, shaping both its IPO strategy and operational plans.

In tandem with its IPO pursuits, Ledger may also consider private funding, keeping its capital-raising options flexible.

Having firmly established itself since its founding in 2014, Ledger has expanded its offerings beyond hardware wallets to include innovative products aimed at long-term holders and institutional clients.

The company claims to have made substantial revenue gains recently, indicating a robust financial performance bolstered by the growth in the crypto sector.

However, Ledger has faced scrutiny over new service fees and a recent data breach related to customer information, underscoring the evolving challenges of maintaining user trust in the digital asset landscape.

As Ledger moves forward with its IPO ambitions, the developments will be closely watched by investors navigating the crypto market's intricate opportunities and risks.