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Ledger Explores New York IPO or Private Funding in 2025

Ledger Explores New York IPO or Private Funding in 2025

According to CEO Pascal Gauthier, Ledger’s record revenues and rising crypto thefts drive plans for a New York IPO or private financing to expand secure custody solutions.

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Fact Check
The assessment is 'likely_true' with 'high' confidence. The statement is strongly and consistently supported across numerous high-authority and relevant sources. 1. **New York IPO**: This part of the statement is confirmed by a wide range of sources (SUERF, The Block, DropsTab, Prof G Media, The Charlotte Ledger, Messari, Bitget News, Markets.com), with some reports directly attributing the information to Ledger's CEO, Pascal Gauthier.2. **Securing Private Funding**: This alternative is also explicitly mentioned by multiple sources (The Block, DropsTab, The Charlotte Ledger, Messari, Bitget News) as the other option being considered, often referred to as 'another fundraise' or a 'private fundraising round.'3. **In the Year 2025**: The 2025 timeframe is directly supported by several key sources (The Block, DropsTab, Messari, Bitget News), which explicitly link these strategic considerations to the company's strong performance or plans within that specific year.There is no conflicting evidence among the relevant sources. The only source that does not support the claim is a technical blog post about a product partnership, which is correctly identified as irrelevant to corporate financing.
Summary

Ledger, the French cryptocurrency hardware wallet maker, announced plans to either pursue an IPO in New York or raise funds through a private financing round in 2025, according to the Financial Times. CEO Pascal Gauthier underscored New York’s dominance in crypto financing and cited surging hacking incidents as a key driver for expanding secure custody services. The company reported record revenues in the triple-digit millions this year, manages approximately $100 billion worth of clients’ bitcoin, and was last valued at $1.5 billion in 2023 following a funding round with investors such as 10T Holdings and Singapore’s True Global Ventures.

Terms & Concepts
  • IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time to raise capital.
  • Private Funding Round: A financing method where a company raises capital from private investors rather than public markets.
  • Crypto Hardware Wallet: A physical device used to securely store the private keys of cryptocurrencies offline, protecting them from online threats.