**Ledger Said to be in Talks with Goldman Sachs, Barclays on US IPO**

French cryptocurrency hardware wallet provider Ledger is reportedly planning an initial public offering (IPO) in the United States, which may value the company at over $4 billion. According to a report by the Financial Times, Ledger is in talks with bankers from Goldman Sachs, Jefferies and Barclays about a potential US listing.

The news comes as the demand for crypto storage solutions continues to rise amidst a surge in cryptocurrency hacks, with over $3.4 billion stolen in 2025 alone, according to Chainalysis data. In response to this trend, Ledger had a record year in 2025, with revenue reaching "triple-digit millions," said CEO Pascal Gauthier.

"We're being hacked more and more every day [...] hacking of your bank accounts, of your crypto, and it's not going to get better next year and the year after that," Gauthier noted in a statement late last year. This concern underscores the growing need for secure storage solutions like those offered by Ledger.

Founded in Paris in 2014, Ledger is one of the largest makers of crypto hardware wallets – physical devices that store private keys offline to help protect holdings from online hacks and malware. The company's decision to pursue a US IPO marks a significant development in its growth trajectory, which has been driven by increasing demand for secure storage solutions.

When contacted by Cointelegraph, Ledger declined to confirm the report about a potential US IPO. However, the news comes on the heels of BitGo, one of the world's largest crypto custody providers, going public on the New York Stock Exchange (NYSE) on Thursday. BitGo shares opened at $22.40, 24% above the IPO price of $18, before surging to as high as $24.50 on its first day of trading.

Related to this development is YZi Labs' strategic investment in BitGo's IPO. YZi Labs is a venture capital company linked to former Binance CEO Changpeng Zhao. The news highlights the growing interest in cryptocurrency companies going public, particularly in the US market.

The Financial Times report suggests that Ledger may follow in the footsteps of BitGo and other crypto companies by listing on the NYSE. If confirmed, the IPO talks would underscore rising demand for crypto storage solutions amidst a surge in cryptocurrency hacks. The development is likely to be closely watched by investors and industry observers alike.

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