Ledger, the French crypto hardware wallet maker, is preparing a New York Stock Exchange IPO targeting a $4 billion valuation—nearly triple its 2023 price tag.
Ledger’s IPO Timeline And Bankers
Ledger is working with Goldman Sachs (NYSE:GS), Jefferies, and Barclays (LSE: BARC) to facilitate an IPO as soon as this year, according to the Financial Times.
The company, founded in 2014, generates hundreds of millions in revenue as crypto hacks hit all-time highs.
CEO Pascal Gauthier mentioned a possible IPO in November, noting that rising security breaches are driving demand for hardware wallets.
The timing is strategic. BitGo (NYSE:BTGO) went public on the NYSE Thursday, pricing shares at $18 and closing up 2.7% for a valuation above $2 billion.
BitGo’s IPO raised $212.8 million and was multiple times oversubscribed. The demand highlights strong institutional appetite for crypto infrastructure.
That successful debut is fueling momentum for other crypto firms eyeing listings.
The IPO Pipeline Is Stacked
Ledger joins a packed …