Ledger Suspends U.S. IPO Plan, Eyes $4B Valuation Amid Market Headwinds

According to CoinDesk, hardware wallet maker Ledger has suspended its U.S. IPO plan on May 13 due to unfavorable market conditions. The company had previously discussed a potential public listing with Goldman Sachs, Jefferies, and Barclays at an estimated valuation of $4 billion, but has not filed an S-1 registration with the SEC. Ledger is now evaluating alternative financing options, including private capital raises.
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