Hardware wallet company Ledger completes $50 million secondary equity sale, no specific IPO plan at present According to Bloomberg, Parisian crypto hardware wallet company Ledger has completed a $50 million secondary equity sale led by CEO Pascal Gauthier, which was completed in the fourth quarter of last year. The seller was an early investor in the company and the valuation was not disclosed. Gauthier stated that the company currently has no urgent plans to proceed with an IPO, but will prepare for either going private or going public in the future. Previously, it was reported that Ledger had been in talks with investment banks regarding an IPO in the United States, with a valuation of over $4 billion. The company raised 100 million euros in 2023, valued at 1.3 billion euros, and is upgrading its application wallet Ledger Wallet with the goal of doubling its revenue this year. Ledger has recently set up an office in New York and appointed former Circle executive John Andrews as CFO.