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Ledger, founded in 2014 and headquartered in Paris, France, is a leading provider of secure hardware wallets and digital asset management solutions in the cryptocurrency sector. The company specializes in creating products that store private keys for cryptocurrencies and NFTs, enabling secure transactions and asset management. Ledger's hardware wallets work in conjunction with the Ledger Live app, facilitating the buying, selling, swapping, and staking of various cryptocurrencies.
Since its inception, Ledger has sold more than 5 million devices to consumers in 200 countries, supporting over 5,500 digital assets. The company has also expanded its offerings to include enterprise solutions, with over 100 leading enterprises and financial institutions using Ledger's services to secure 20% of the world's crypto assets.
Ledger has demonstrated strong financial backing, having raised a total of $536.92 million across multiple funding rounds. Its most recent undisclosed round in March 2023 valued the company at $1.4 billion, showcasing investor confidence in its business model and growth potential.
While there are no official announcements regarding Ledger's IPO plans, there have been reports of the company's interest in going public. In December 2022, Ledger CEO Pascal Gauthier was quoted discussing the possibility of listing on a stock market, specifically mentioning the NYSE or Nasdaq as potential venues. However, it's important to note that these statements should be considered as preliminary discussions rather than concrete plans.
Factors that may influence Ledger's IPO decision include market conditions in the cryptocurrency sector, regulatory developments, and the company's financial performance. The growing demand for secure digital asset storage solutions, driven by high-profile security breaches and exchange collapses, could potentially strengthen Ledger's position in the market.
As with any private company considering an IPO, investors should remain cautious and await official announcements from Ledger or regulatory filings before making any investment decisions.
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While Ledger's IPO prospects remain uncertain, investors eager to gain exposure to the cryptocurrency security sector don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in blockchain and digital asset security. Our platform allows you to diversify your portfolio with lower minimum investments in promising companies like Ledger, potentially benefiting from their growth before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.