French crypto hardware wallet provider Ledger is making headlines with plans for an initial public offering (IPO) in the United States, potentially valuing the company at over $4 billion. This move comes amid a growing demand for secure crypto storage solutions as the industry grapples with rising theft incidents. The source reports that this IPO could significantly enhance Ledger's market presence and investor confidence.
Ledger's Discussions with Major Investment Banks
Ledger is currently in discussions with major investment banks, including
- Goldman Sachs
- Jefferies
- Barclays
Implications of a Potential IPO
If the IPO materializes, it would reflect the increasing urgency for robust crypto security measures, especially in light of the staggering $34 billion lost to hacks in 2023, as reported by Chainalysis. Ledger experienced a record year in 2023, with revenues reportedly reaching triple-digit millions, showcasing its pivotal role in combating the escalating threat of crypto theft.
In a notable development, BitGo Holdings launched its IPO on the NYSE, raising $2.128 billion, contrasting with Ledger's recent plans for a similar move. For more details, see this article.
