Crypto Wallet Leader Ledger Pauses U.S. IPO Plans Amid Market Volatility.
French crypto hardware wallet provider Ledger has put its plans for a U.S. initial public offering on hold due to unfavorable market conditions. The company, which had explored a potential New York listing valued above $4 billion and engaged major banks like Goldman Sachs, has not filed any SEC registration documents.
Sources indicate Ledger is reassessing public market timing as crypto IPO appetite remains subdued amid #BTC trading near $80,000 and broader volatility. The firm may instead pursue private capital raises.
This decision highlights ongoing challenges for crypto firms seeking public listings in the current environment.
French crypto hardware wallet provider Ledger has put its plans for a U.S. initial public offering on hold due to unfavorable market conditions. The company, which had explored a potential New York listing valued above $4 billion and engaged major banks like Goldman Sachs, has not filed any SEC registration documents.
Sources indicate Ledger is reassessing public market timing as crypto IPO appetite remains subdued amid #BTC trading near $80,000 and broader volatility. The firm may instead pursue private capital raises.
This decision highlights ongoing challenges for crypto firms seeking public listings in the current environment.