Crypto hardware wallet company Ledger reportedly plans to go public with an initial public offering (IPO) in New York or, alternatively, raise funds via a private funding round next year, according to the Financial Times.
Ledger CEO Pascal Gauthier disclosed this to the Financial Times, adding that he is spending more time in New York because “the money is in New York today for crypto; there is nowhere else in the world, certainly not in Europe.”
The fundraising plans follow record multimillion-dollar revenues this year, driven by growing demand for secure custody solutions amid a surge in cryptocurrency theft.
“We’re getting hacked more and more every day… hacking your bank accounts, your crypto, and it’s not going to get better next year and the year after that,” Gauthier told the FT.
Ledger currently manages its clients’ bitcoins worth about $100 billion and was last valued at $1.5 billion in 2023 in a funding round that included names like 10T Holdings and Singapore’s True Global Ventures.
The company currently manages custody of around $100 billion worth of bitcoin for its clients and was last valued at $1.5 billion in 2023, following a funding round that included investors such as 10T Holdings and Singapore’s True Global Ventures.
