The French hardware wallet company, Ledger, is mulling over the prospect of becoming a publicly traded entity in the United States. This move compels considerable attention as the company’s valuation could surpass an impressive $4 billion mark. With reputable financial giants like Goldman Sachs, Barclays, and Jefferies in tow, Ledger is exploring the potential of an initial public offering (IPO) in New York. Though discussions are ongoing, Ledger’s CEO Pascal Gauthier emphasizes the significance of New York as a capital hub for cryptocurrency ventures.
Ledger Weighs US IPO Prospects
In collaboration with top-tier investment banks, Ledger is evaluating a possible US IPO, envisioning a valuation beyond its 2023 marked $1.5 billion. The French enterprise could finalize this IPO by 2026, although nothing has been confirmed. Despite inquiries, Ledger has opted to remain silent on these considerations.
The prospect of an IPO, valued at over $4 billion, marks a significant leap from its previous valuation. In dialogue with the Financial Times, Gauthier noted the shifting focal point of crypto capital towards the US. He also envisions Ledger’s revenue reaching substantial figures by 2025, propelled by mounting issues pertaining to crypto security.
Why are Crypto IPOs Trending?
Crypto IPO activities are escalating across both the US and European markets. Blockchain firm BitGo recently began trading on the New York Stock Exchange, initially hitting a commendable $18 per share, catapulting its valuation past $2 billion. Despite early fluctuations, BitGo’s steadied performance signifies promise for crypto IPOs.
Leading up to 2026, previous years witnessed consequential launches like Circle’s stock listing in June 2025 and Bullish’s billion-dollar NYSE raise in August. Gemini’s Nasdaq listing also marked substantial gains, further shaping the landscape for crypto enterprises.
Outside of the US, strategic plans are taking shape. Bloomberg reports plans from Vienna-based exchange Bitpanda to debut on Germany’s market with an anticipated valuation in billions. The trend underscores the appeal of regulated exchanges in facilitating institutional investment.
“Capital for crypto is in New York,” stated Pascal Gauthier, CEO of Ledger.
As Ledger moves forward, key takeaways emerge:
- Ledger’s IPO could uplift its valuation to $4 billion.
- New York is seen as the nucleus for crypto investment opportunities.
- Crypto security concerns could substantially boost Ledger’s future revenues.
- IPOs like BitGo reinforce crypto’s integration into traditional markets.
- European exchanges, like Bitpanda, seek to capitalize on similar listings abroad.
Ledger’s pursuit of a US public listing signifies a prominent chapter for the company within the flourishing crypto field. As enterprises across the globe target regulated stock exchanges, the landscape of digital finance stands on the cusp of notable evolution.
