Hardware wallet giant initiates US IPO preparations, valued at over $4 billion

HashBard · 2026-01-23T05:56:12+00:00

Hardware wallet manufacturer Ledger is preparing for an IPO in the United States, with the earliest expected in 2026. The valuation could exceed $4 billion. The company's revenue has hit a new high, mainly driven by investors' focus on asset security, reflecting the continued strong demand in the entire hardware wallet market.

HashBard

2026-01-23 05:56:12

Abstract generation in progress

【Ledger】Hardware wallet manufacturer Ledger has recently made a big move. According to financial media reports, this French company has teamed up with three financial giants—Goldman Sachs, J.P. Morgan, and Barclays—to prepare for an IPO in the United States. The plan is that the listing could be pushed forward as early as 2026, and the company’s valuation is expected to surpass $4 billion.

More interestingly, Ledger has experienced quite rapid growth in recent years. The company stated that its revenue hit a new record high, and this growth momentum is mainly driven by users’ persistent pursuit of asset security— as the scale of crypto assets expands, more investors are realizing the importance of self-custody and hardware security. This also explains why, after fundraising in 2023, the company’s valuation has already reached $1.5 billion, multiplying several times in just a few years.

From private funding to preparing for a public listing, Ledger’s path reflects the overall enthusiasm in the hardware wallet sector. As more people begin to take on-chain security seriously, the market demand for such products will not diminish.

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Anon4461

· 7h ago

$4 billion? Alright, it's just another Web3 star going public to harvest investors. Let's see how many people get trapped.

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GasWaster

· 01-23 06:26

4 billion valuation, is this going to go public? The early investors who bought Ledger earlier are about to take off with this wave.

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MetaverseVagrant

· 01-23 06:20

Valuation of 4 billion? Ledger is about to take off, I've long been optimistic about the prospects of hardware wallets. Ledger is going public, this time it's really entering the mainstream financial spotlight. No wonder hardware wallets have been so popular these past two years; it turns out everyone is stockpiling security. Going public in 2026, it still feels like a wait, but with Goldman Sachs involved, it's solid. Self-custody is indeed a necessity; as long as crypto enthusiasts exist, wallets are needed. From 1.5 billion to 4 billion, nearly tripled? Should I stock up on a few more Nano? The hardware wallet race is so intense now, they're even starting to IPO. Before the IPO, there will definitely be more funding rounds, maybe another good entry point. With the news of Ledger going public, is it time to buy the dip?

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NotSatoshi

· 01-23 06:15

A $4 billion valuation? Ledger is really about to take off, but speaking of which, the hardware wallet sector is now quite competitive. Can they go public? It seems like institutions are betting on this direction... Wait, we still have two more years until 2026, and it's hard to say whether the bull market will still be here then. I believe in Ledger's growth; after all, everyone is now afraid of being hacked or stolen, and self-custody is a necessity. What I really want to see is whether they will change after going public... The ceiling for hardware wallets is actually quite limited, so where will the subsequent growth come from? A $4 billion valuation seems a bit inflated, or maybe I just don't understand this market.

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GasFeeDodger

· 01-23 05:57

A valuation of 4 billion isn't low, but do these people really think self-custody wallets are the future? From my perspective, many are still lying flat on exchanges.

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