French crypto hardware wallet and security firm Ledger is putting its planned U.S. initial public offering (IPO) on hold, according to reporting that cites unnamed sources. CoinDesk and PYMNTS.com both say the company is reassessing its path to the public markets because current conditions make crypto-related IPOs unattractive to investors. Ledger had explored the possibility of a large U.S. listing, reportedly targeting a valuation of around $4 billion, and it had engaged investment banks to advise on the process. Rather than proceed on those plans, the company is pausing them while it evaluates the timing and viability of an offering. The reports characterize the decision as driven by broader market volatility and weak investor appetite for crypto IPOs, rather than by any specific operational issue at the company. No alternative timetable or updated target has been publicly confirmed in the cited accounts.
Ledger pauses U.S. IPO plans amid volatile crypto market conditions
French crypto hardware wallet and security firm Ledger is putting its planned U.S. initial public offering (IPO) on hold, according to reporting that cites unnamed sources. CoinDesk and PYMNTS.com bot...
- Ledger, a French crypto security and hardware wallet provider, pauses its planned U.S. IPO.
- The decision is attributed to unfavorable and volatile conditions for crypto IPOs.
- Ledger reportedly explored a U.S. listing with a potential valuation around $4 billion.
- The company reportedly engaged investment banks to advise on the IPO process.
- No confirmed new IPO timeline is reported.
Ledger, a French company that makes hardware designed to securely store cryptocurrency, has paused its plans for a U.S. initial public offering (IPO) due to an unfavorable market for crypto IPOs, CoinDesk reported Wednesday (May 13), citing unnamed sources. The company had considered a $4 billion U.S. listing and had hired investment banks to advise it on the […] The post Ledger Pauses Planned IPO to Avoid Crypto Market Slump appeared first on PYMNTS.com.
3 months agoThe French crypto security firm, which is said to have explored a potential $4 billion U.S. listing, is reassessing its public market plans as volatile conditions weigh on investor appetite for crypto IPOs.
3 months ago
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