Summary
- Hardware wallet maker Ledger has been reported to be pursuing a US market IPO listing.
- Ledger is preparing a US initial public offering in cooperation with Goldman Sachs, Jefferies and Barclays, and said its valuation at listing could exceed $4bn.
- Ledger was valued at about $1.5bn in 2023 and said demand for self-custody is surging amid rising risks of hacking and fraud, with the company posting its best results this year.
Ledger, a maker of hardware wallets for virtual assets (cryptocurrencies), is reportedly pursuing a listing on US stock markets.
On the 23rd (Korea time), Wu Blockchain, citing the Financial Times, reported that Ledger is preparing a US initial public offering (IPO) in cooperation with global investment banks such as Goldman Sachs, Jefferies and Barclays, and that its valuation at listing could exceed $4bn (about KRW 5.865 trillion). The listing could take place as early as this year, according to the report.
Founded in 2014, Ledger manufactures hardware wallets that allow users to store private keys for virtual assets offline. The company is headquartered in France. In 2023, it was valued at around $1.5bn.
Pascal Gauthier, Ledger’s chief executive officer (CEO), said, "As the risks of hacking and fraud grow, demand for secure self-custody (self-storage) is surging," adding, "This year we are posting our best results since the company was founded."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
