The Financial Times reports that Ledger is planning a US IPO at a $4 billion valuation as hardware wallet demand increases amid crypto fraud and hacks.
French crypto hardware wallet provider Ledger is planning an initial public offering (IPO) in the United States, which may value the company at more than $4 billion.
Ledger is in talks with bankers at Goldman Sachs, Jefferies and Barclays about a potential US listing, the Financial Times reported Friday, citing people familiar with the matter.
In November 2025, Ledger CEO Pascal Gauthier said the company was planning fundraising or a listing in New York, noting that money for crypto was “certainly not in Europe.”
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