Ledger Reportedly Eyes US IPO as Crypto Hacks Drive Wallet Demand

Core Insights - Ledger is preparing for a US IPO, potentially valuing the company at over $4 billion, more than double its 2023 valuation [4] - The company has hired major investment banks, including Goldman Sachs, Barclays, and Jefferies, to assist with the IPO process [4][6] - Ledger is rebranding from "hardware wallet" to "signers" to position itself as a key player in the "Internet of Value" [7] Company Overview - Ledger has emerged as a popular hardware wallet provider, allowing users to self-custody their crypto assets securely [1] - The company experienced a significant increase in revenue, reaching triple-digit millions in 2025 [6] Industry Context - The US regulatory environment for crypto has become more favorable, particularly after the approval of the GENIUS Act in July 2025 [5] - The planned IPO comes at a time when investors are seeking exposure to crypto infrastructure without the volatility associated with holding cryptocurrencies [8]