Ledger $4B IPO Incoming!
Ledger is in talks with investment banks for a US IPO valuing it over $4 billion. This is more than double its $1.5 billion valuation from 2023. Goldman Sachs, Barclays, and Jefferies are advising on the potential listing, which could happen as early as this year. The company is reportedly in early stages and plans could change.
The demand for hardware wallets is skyrocketing due to record crypto theft. In 2024, losses from scams and fraud reached an estimated $14 billion to $17 billion. Sophisticated AI-powered attacks are making impersonation schemes surge over 1400%. This surge is pushing both retail and institutional investors towards self-custody solutions. Ledger is safeguarding around $1000X billion in Bitcoin for its customers. This potential IPO follows a wave of crypto listings like BitGo, Circle, Bullish, and Gemini.
Disclaimer: This is not financial advice.
