Ledger Pauses US IPO Plans as Market Conditions Worsen
Summary
- French crypto wallet company Ledger has put its planned US IPO on hold because of market conditions, according to the report.
- Ledger was valued at about $4 billion and appointed Goldman Sachs, Jefferies and Barclays as advisers, the report said.
- Digital-asset companies are rethinking their IPO timelines as weaker token prices and lower trading volumes damp investor sentiment, the report said.
Forecast Trend Report by Period
French cryptocurrency wallet maker Ledger has paused its plans for a US stock market listing.
CoinDesk reported on May 13, citing multiple sources, that Ledger recently decided to put its planned US initial public offering on hold. The company has not yet filed an S-1 registration statement with the US Securities and Exchange Commission, a filing typically seen as the first formal step toward a US listing.
Earlier this year, Ledger appointed Goldman Sachs, Jefferies and Barclays as advisers for the planned US IPO. At the time, the company was valued at about $4 billion.
The move appears to reflect recent conditions in the cryptocurrency market. US crypto exchange Kraken filed an S-1 with the SEC last year, but paused its listing process earlier this year.
CoinDesk reported that several digital-asset companies are reconsidering their IPO timelines after a string of crypto listings in 2025, as weaker token prices and lower trading volumes weigh on investor sentiment.
Ledger is known for making hardware wallets that let users store cryptocurrencies offline. Its core business is protecting private keys that control access to digital assets such as Bitcoin and Ether.
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