Hardware wallet company Ledger completes $50 million secondary equity sale; no specific IPO plans at present.

PANews reported on March 24th, citing Bloomberg, that Paris-based crypto hardware wallet company Ledger has completed a $ 50 million secondary equity sale, led by CEO Pascal Gauthier . The transaction, completed in the fourth quarter of last year, involved early investors and the valuation was not disclosed. Gauthier stated that the company currently has no urgent plans for an IPO but will prepare for either remaining private or going public in the future. Previously, it was reported that Ledger had been in talks with investment banks regarding a US IPO , with a valuation exceeding $ 4 billion. The company raised € 100 million in 2023 , valuing the company at € 1.3 billion, and is currently upgrading its application wallet, Ledger Wallet , aiming to double its revenue this year. Ledger also recently opened an office in New York and appointed former Circle executive John Andrews as CFO .