Ledger Wallet plans $4 billion IPO on Wall Street

Crypto wallet provider Ledger plans an IPO on Wall Street with a valuation of $4 billion. The company collaborates with Goldman Sachs, Barclays, and Jefferies for the offering. This follows BitGo's recent IPO debut on the NYSE, trading at $18.5 per share.

Ledger's IPO Plans

  • Ledger is known for hardware wallets securing digital assets.
  • The firm was valued at $1.5 billion in 2023 after a funding round.
  • The current valuation stands at $4 billion.
  • CEO Pascal Gauthier emphasizes New York's capital concentration for crypto.
  • Company reports revenue reaching "hundreds of millions" due to increased demand amid crypto hacks.
  • Recently partnered with Lombard and Figment to launch a Bitcoin rewards feature integrated into DeFi.

Crypto Firms Eyeing Wall Street

  • Several crypto firms like Kraken, ConsenSys, BitGo, and Animoca Brands consider listings in 2026.
  • Kraken targets a valuation near $20 billion, ConsenSys around $7 billion, BitGo about $1.75 billion.
  • In 2025, high-profile IPOs included Circle, Figure Technology, Gemini, and Bullish, indicating sector maturity.