Ledger Eyes New York IPO or Private Fundraise
Crypto wallet provider Ledger considers public listing or capital raise amid record growth
Ledger, the hardware wallet company managing approximately $100 billion in bitcoin for clients, is reportedly exploring a New York IPO or an alternative private fundraising round next year, according to the Financial Times.
CEO Pascal Gauthier said he has been spending more time in New York, emphasizing that “money is in New York today for crypto; it’s nowhere else in the world, certainly not in Europe.”
The potential fundraising follows a banner year, with triple-digit million revenues fueled by rising demand for secure crypto custody amid increasing digital asset thefts. “We’re being hacked more and more every day—your bank accounts, your crypto—and it’s not going to get better next year or the year after,” Gauthier remarked.
Ledger was last valued at $1.5 billion in 2023, during a funding round including 10T Holdings and Singapore’s True Global Ventures, and continues to oversee $100 billion in bitcoin for its clients.
