TechFlow reports that, according to the Financial Times, French hardware wallet manufacturer Ledger plans to conduct an initial public offering (IPO) in the United States on January 23, with a potential valuation exceeding $4 billion. The company is collaborating with Goldman Sachs, Jefferies, and Barclays to advance this transaction, which could be completed as early as this year.
Ledger was founded in 2014 and primarily sells hardware wallet devices resembling USB drives, enabling cryptocurrency investors to securely store digital assets. In 2023, Ledger achieved a post-funding valuation of $1.5 billion, with investors including Singapore-based True Global Ventures and 10T Holdings.
Pascal Gauthier, Ledger’s CEO, stated in November last year that the company is considering a U.S. listing and noted that its annual revenue has reached over $100 million.
