{"id":97083,"date":"2026-05-13T21:01:38","date_gmt":"2026-05-13T18:01:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97083"},"modified":"2026-05-13T21:05:11","modified_gmt":"2026-05-13T18:05:11","slug":"ledger-postpones-ipo-amid-market-volatility","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ledger-postpones-ipo-amid-market-volatility\/","title":{"rendered":"Ledger Postpones IPO Amid Market Volatility"},"content":{"rendered":"<p>The hardware wallet manufacturer Ledger has indefinitely postponed its <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span> due to challenging market conditions, according to <a href=\"https:\/\/www.coindesk.com\/business\/2026\/05\/13\/crypto-wallet-provider-ledger-puts-u-s-ipo-plans-on-hold-due-to-market-conditions\">CoinDesk<\/a>, citing sources.<\/p>\n<p>One insider revealed that the French firm has not submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission. Confidential filing of documents is typically the first formal step in the process of going public.<\/p>\n<p>It is also reported that Ledger is exploring various financing options and has the ability to raise capital privately.<\/p>\n<p>News of the company&#8217;s IPO plans <a href=\"https:\/\/www.ft.com\/content\/380bde8c-9952-4302-83be-e0440855b8ff\">emerged<\/a> in January, when the wallet manufacturer was valued at approximately $4 billion\u2014three times the figure for 2023.<\/p>\n<p>Major banks, including Goldman Sachs, Jefferies, and Barclays, were acting as advisors for the deal.<\/p>\n<p>In November 2025, Ledger CEO Pascal Gauthier also <a href=\"https:\/\/www.ft.com\/content\/098d43f1-4889-4790-b47c-4392663f949e\">mentioned<\/a> a potential public offering. He noted that as the number of hacking attacks increased, his company&#8217;s revenue exceeded &#8220;hundreds of millions of dollars.&#8221;<\/p>\n<p>Ledger is not the first crypto company to delay an IPO in 2026. In March, the media <a href=\"https:\/\/forklog.com\/en\/news\/kraken-delays-ipo-indefinitely-amid-market-challenges\">learned<\/a> that the exchange Kraken had similarly postponed its plans indefinitely, also citing difficult market conditions.<\/p>\n<p>Conversely, custodian BitGo <a href=\"https:\/\/forklog.com\/en\/news\/bitgo-debuts-on-nyse-with-2-billion-valuation-and-investment-from-changpeng-zhaos-fund\">successfully completed<\/a> its stock offering. In January, the company debuted on the NYSE.<\/p>\n<p>This success likely echoes the previous year. In 2025, 11 crypto companies went public, collectively raising $14.6 billion.<\/p>\n<p>Earlier in March 2026, Gemini shareholders <a href=\"https:\/\/forklog.com\/en\/news\/winklevoss-brothers-accused-of-concealing-geminis-strategic-shift\">filed<\/a> a class-action lawsuit against the crypto exchange. The plaintiffs accuse the platform, its founders Tyler and Cameron Winklevoss, and top executives of misleading investors during and after the IPO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hardware wallet manufacturer Ledger has indefinitely postponed its IPO due to challenging market conditions.<\/p>\n","protected":false},"author":1,"featured_media":97084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ledger postpones IPO indefinitely due to market conditions.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[767,1640],"class_list":["post-97083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ipo","tag-ledger"],"aioseo_notices":[],"amp_enabled":true,"views":"3","promo_type":"1","layout_type":"1","short_excerpt":"Ledger postpones IPO indefinitely due to market conditions.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97083"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97083\/revisions"}],"predecessor-version":[{"id":97085,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97083\/revisions\/97085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97084"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}