Ledger Targets $4 Billion IPO in New York, Valuation Could Triple: Financial Times Report

Hardware wallet leader Ledger is reportedly planning an initial public offering (IPO) in New York with a target valuation of up to $4 billion, according to the Financial Times. This potential move would triple the company's valuation from its $1.3 billion funding round in 2023. The crypto security firm is said to be in discussions with potential advisors for the share sale, which could take place as early as the first half of 2025. An IPO of this scale would mark a significant milestone for the cryptocurrency and blockchain infrastructure sector, signaling growing institutional confidence. Ledger's hardware wallets, such as the Ledger Nano series, are widely used for securing Bitcoin (BTC), Ethereum (ETH), and other digital assets. The news highlights the maturation of crypto-native companies and their entry into traditional public markets.