Ledger Plans U.S. IPO Targeting Valuation Above $4 Billion
Ledger seeks a $4 billion valuation for its U.S. IPO, amid rising interest in crypto security solutions, despite concerns over past data breaches.
Summary
Ledger, a French crypto hardware wallet maker, is preparing for a U.S. IPO targeting a valuation above $4 billion, collaborating with Goldman Sachs, Jefferies, and Barclays. This follows growing interest in crypto infrastructure after BitGo's NYSE debut, although Ledger faces scrutiny due to past data breaches, including a 2020 incident exposing millions of personal records.
Terms & Concepts
- Hardware wallet: A physical device that stores crypto private keys offline to reduce exposure to online attacks.
- IPO (Initial Public Offering): A company’s first sale of shares to the public on a stock exchange to raise capital.