Ledger Plans, a French company that makes crypto hardware wallets, is planning an IPO in the US. Its target value is over $4 billion, according to a Financial Times report.
Ledger has discussed with Goldman Sachs, Jefferies, and Barclays about listing in New York. No official filing has been made with US regulators yet, and the timing of the IPO has not yet been decided.
Ledger CEO Pascal Gauthier says that the US has now become the largest center for crypto finance, making a US listing advantageous.
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Growth Driven by Security Demand
Ledger finished 2025 strong, reporting record revenue as demand for its hardware wallets surged. The company was incorporated in France 11 years ago and was valued at $1.5 billion in 2023 after raising capital from investors such as Singapore’s True Global Ventures and 10T Holdings.
The IPO plan comes as crypto markets in the US are returning to strength after President Donald Trump returned to office and his pro-crypto policies supported the listings of digital asset companies such as BitGo, Circle, Gemini, and Bullish.
Security concerns are also fueling demand for Ledger’s products. According to Chainalysis, crypto-related theft and fraud is projected to reach $17 billion in 2025, compared to $13 billion in 2024.
Why This Matters
Ledger potential IPO demonstrates the company rapid growth and the growing demand for secure crypto storage. A US listing could solidify Ledger position as a top global hardware wallet provider.
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People Also Ask – Ledger Plans:
What is an IPO?
IPO stands for Initial Public Offering. This occurs when a private company sells its shares to the public to raise money and expand its business.
Why would Ledger do a U.S. IPO?
Listing in the US could raise more money for Ledger, increase the company’s recognition, and attract larger investors, especially in the crypto sector.
Is investing in a crypto company IPO risky?
Yes. Crypto IPOs are risky because rules can change, the market fluctuates, and crypto comes with its own risks.
How can I buy Ledger’s shares if it goes public?
If Ledger lists on a US exchange, investors can purchase shares through brokerage accounts when the IPO begins, following the company’s rules.
Are hardware wallets necessary for all crypto users?
No, not everyone, but they are recommended for long-term storage or those holding large amounts of crypto. They are safer than online wallets and exchanges.
