Therefore, a successful IPO would mark a major jump in valuation and highlight growing investor interest in crypto infrastructure companies.
Strong Revenue and Bitcoin Holdings
Ledger currently helps secure more than $100 billion worth of Bitcoin for its customers. The company also reported triple-digit million-dollar revenue in 2025, showing strong business momentum ahead of a possible public listing.
The surge in sales reflects a wider shift in the crypto market, where investors are focusing less on speculation and more on protecting long-term holdings.
Ledger CEO Pascal Gauthier said the company is having a record year. He explained that rising security risks are pushing more people toward self-custody, supporting Ledger’s rapid growth and its plan for a $4 billion U.S. IPO.
Crypto IPO Frenzy Gains Momentum
Ledger’s New York listing plans come at a time when several well-known crypto firms are preparing to go public. Notable names like Kraken, Consensys, and Bithumb are also on the IPO watch list, signaling broader market faith in digital asset infrastructure firms.
If Ledger moves forward with its IPO, it would be one of the most notable crypto-related listings in recent years.
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FAQs
Yes, hardware wallet maker Ledger is preparing for a potential 2026 U.S. IPO, which could value the company at over $4 billion, according to recent reports.
Rising crypto hacks and demand for secure self-custody solutions are driving growth. Ledger secures over $100 billion in assets and saw record revenue in 2025.
Ledger makes hardware wallets for safely storing crypto offline. With hacking risks up, more investors prefer self-custody, boosting Ledger’s sales and market position.
Ledger would need to meet U.S. disclosure, accounting, and compliance standards, which are stricter than private markets. Ongoing scrutiny of crypto-related firms could influence timing or structure.
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