Key Takeaways Ledger is preparing for a potential U.S. IPO, targeting a valuation north of $4 billion. The Paris-based hardware wallet maker posted nine-figure revenue in 2025 and now secures more than $100 billion in Bitcoin for users. Rising hacking risks and growing institutional demand are pushing Ledger toward a 2026 NYSE listing or a private funding round, with Goldman Sachs among its key partners. Ledger, a leading manufacturer of cryptocurrency hardware wallets, is reportedly preparing for a ...