Ledger IPO Put on Hold as Crypto Markets Weaken
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Ledger has paused its U.S. IPO plans as weak crypto markets and reduced investor demand delay any confidential SEC filing, despite earlier reports valuing the company at about $4 billion with banks like Goldman Sachs, Jefferies and Barclays involved. Other firms including Kraken and BitGo are also slowing listings amid falling token prices and lower trading volumes, underscoring fundraising, adoption and market-volatility headwinds even as some players still pursue expansion and token or listing plans.
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- Ledger pauses IPO plans as weak crypto markets reduce investor demand for listings globally.
- Crypto firms, including Kraken and BitGo, slow IPO plans as valuations and trading volumes fall.
- Some firms still expand and plan listings despite market volatility and cautious investor sentiment.
Crypto wallet company Ledger has put its U.S. IPO plans on hold as weak crypto markets continue to hurt investor confidence. The French firm, known for devices that store cryptocurrencies offline, has not filed confidential paperwork with the U.S. Securities and Exchange Commission, according to people familiar with the matter.
The decision comes as several crypto companies pull back from public listing plans amid falling token prices and slower trading activity.
Earlier reports valued Ledger at around $4 billion, with Goldman Sachs, Jefferies, and Barclays involved in the p…
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