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Ledger, the renowned hardware wallet company from France, is preparing for an IPO in the US, with a target valuation of over $4 billion, potentially as early as 2026.
Currently, Ledger is safeguarding over $100 billion in crypto assets for users and expects to generate hundreds of millions of dollars in revenue in 2025, thanks to a surge in self-custody demand following several hacking incidents. This helps Ledger become a vital infrastructure in the crypto market.
In addition to the IPO, Ledger is also considering raising private capital if market conditions are not favorable.
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