Ledger Weighs $4B+ U.S. IPO Amid Surge in Crypto Listings
Ledger, the leading hardware wallet maker, is said to be preparing for a potential U.S. initial public offering that could value the company above $4 billion, according to people familiar with the situation. The company is reportedly weighing timing and regulatory issues before making a formal decision. An IPO would be one of the larger crypto-related listings and would put Ledger under U.S. disclosure and compliance regimes.
The move follows a surge of crypto firms tapping public markets after recent successful debuts, with players such as Grayscale and Kraken also lining up listings. For investors and the industry, a Ledger listing would signal growing appetite for custody and infrastructure plays while increasing scrutiny on products and governance. Customers could see more transparency, but the company would also face closer regulatory oversight that may affect its road map and partnerships.