Ledger Eyes $4B+ US IPO Amid Rising Crypto Hacks

[chainsniff]

French crypto hardware wallet provider Ledger is reportedly planning an initial public offering (IPO) in the United States, potentially valuing the company at over $4 billion, according to the Financial Times.

The Paris-based company is in talks with Goldman Sachs, Jefferies, and Barclays about a potential US listing. Ledger CEO Pascal Gauthier previously said that raising funds in Europe was limited, making New York the preferred destination.

Ledger’s push comes amid a surge in crypto hacks, with over $3.4 billion stolen in 2025, highlighting the growing demand for secure storage solutions. Ledger, maker of physical hardware wallets that store private keys offline, reported a record year in 2025, with triple-digit million revenues.

[etfs]

$4b valuation makes sense given the recent spike in crypto hacks. demand for secure self-custody is real.