Ledger Pauses U.S. IPO Plans Due to Market Conditions

Crypto wallet provider Ledger has put its U.S. IPO plans on hold due to unfavorable market conditions. People familiar with the matter said Ledger has not filed any draft S-1 registration statement with the U.S. SEC and may consider alternatives such as private fundraising. Reports in January said Ledger had hired Goldman Sachs, Jefferies, and Barclays for a potential IPO that could value the company at around $4 billion.