Ledger Pauses Planned IPO to Avoid Crypto Market Slump

May 13, 2026
6:56 pm

Ledger Pauses Planned IPO to Avoid Crypto Market Slump

Ledger, a French company that makes hardware designed to securely store cryptocurrency, has paused its plans for a U.S. initial public offering (IPO) due to an unfavorable market for crypto IPOs, CoinDesk reported Wednesday (May 13), citing unnamed sources.

The company had considered a $4 billion U.S. listing and had hired investment banks to advise it on the potential IPO, according to the report.

Ledger could decide to raise capital privately, per the report.

Reached by PYMNTS, Ledger declined to comment on the report.

The Financial Times reported in January that Ledger was working with bankers on a U.S. IPO and could launch it was soon as this year, though the plans could change. The report, which cited unnamed sources,…

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