Hardware wallet maker Ledger considers U.S. listing…also seeks to expand New York office
Summary
- Ledger is considering a listing on the New York stock exchange and a private investment round as options for a U.S. IPO and fundraising.
- Ledger emphasized expanding staff at its New York office and that crypto capital is concentrated in New York.
- Ledger is custodian of 100 billion dollars worth of bitcoin and its company valuation was 1.5 billion dollars as of 2023.
Hardware wallet maker Ledger is reportedly considering pursuing an initial public offering (IPO) in the United States.
Pascal Gauthier, Ledger's chief executive officer (CEO), told the Financial Times (FT) in an interview on the 9th (local time) that "we are considering raising funds through a listing on the New York stock exchange or a private investment round." Gauthier said, "We are also expanding the staff of our New York office for this."
Gauthier emphasized, "Currently crypto capital is concentrated in New York." Gauthier said, "There is no such capital anywhere in the world, especially in Europe," and called it "the reason I spend more time in New York."
Ledger is a hardware wallet maker founded in France in 2014. Ledger is reported to custody bitcoin worth 100 billion dollars (about 145 trillion won). The Financial Times reported that "Ledger's company valuation was 1.5 billion dollars (about 2.2 trillion won) as of 2023."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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