French crypto hardware wallet maker Ledger is planning a US IPO collaborating with major Wall Street banks including Goldman Sachs, Jefferies, and Barclays. The IPO aims for a New York listing with a valuation surpassing $4 billion, reflecting strong revenue growth and increased demand for security solutions. Ledger holds about $100 billion worth of Bitcoin for clients and is capitalizing on rising crypto thefts, which reached $17 billion in 2025.
