"Ledger has put plans for a U.S. initial public offering on hold as crypto market conditions weigh on investor demand for new listings, according to people with knowledge of the matter, according to a report from CoinDesk."
"The Paris-based hardware wallet maker has not filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission, a step that signals formal IPO intent. The company is weighing alternatives, including a private capital raise, one source said."
"The decision reflects a broader shift across the digital asset sector, where firms have pulled back from public markets after a wave of listings in 2025. Lower token prices, weaker trading volumes, and uneven equity performance have reduced investor appetite for crypto stocks."
"BitGo's January debut offered a test case for public market demand. The crypto custody firm raised about $213 million and priced shares at $18, above its marketed range. The stock rose during its first day of trading but later fell below its offer price and now trades far lower, highlighting volatility tied to crypto equities."
Ledger has put plans for a U.S. initial public offering on hold as crypto market conditions weaken investor demand for new listings. The hardware wallet maker has not filed a draft S-1 registration statement with the U.S. Securities and Exchange Commission, indicating no formal IPO intent. The company is weighing alternatives such as a private capital raise. Earlier, Ledger explored a public listing that could have valued the firm near $4 billion, with major banks advising. The pause reflects broader pullbacks across the digital asset sector after 2025 listings, driven by lower token prices, weaker trading volumes, and uneven equity performance. Other crypto firms have also delayed IPOs, while recent public debuts have shown volatility.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]