# Crypto Hardware Wallet Maker Ledger Targets 2026 IPO: FT

*Author: Jack Inabinet*
*Published: Jan 23, 2026*
*Source: https://www.bankless.com/read/news/crypto-wallet-manufacturer-ledger-targets-2026-ipo-ft*

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According to the *Financial Times*, crypto hardware wallet manufacturer Ledger is [plotting](https://www.ft.com/content/380bde8c-9952-4302-83be-e0440855b8ff) a $4B NYSE IPO, which could take place sometime in 2026.

### **What's the Scoop?**
- **Prospective IPO:** Per anonymous sources cited by FT, the crypto hardware wallet manufacture is considering selling ownership to the public through an initial public offering (IPO) that could value the company above $4B. Ledger has reportedly selected investment banks Goldman Sachs, Jefferies, and Barclays to underwrite the offering.
- **Riding the Trend:** Stock markets were inundated with IPOs in 2025, with particularly strong activity emanating from the crypto sector. The [number of public listings](https://stockanalysis.com/ipos/statistics/) doubled in 2025 compared to two years prior, and momentum has carried into 2026, which has already seen 15 IPOs, including that of crypto firm [BitGo](https://www.bankless.com/read/news/bitgo-prices-ipo-above-range-eyes-2b-valuation).
- **Previous Raise: **Ledger previously [raised](https://techcrunch.com/2021/06/10/ledger-raises-380-million-for-its-crypto-hardware-wallet/) a $380M Series C funding round in 2021 that valued the company at $1.5B. It subsequently "[added](https://techcrunch.com/2023/03/30/crypto-wallet-company-ledger-raises-another-108-million/)" $385M to the round in 2023 at similar terms. 

> Follow for more health tips 😏 [pic.twitter.com/FsLp9Y5jBD](https://t.co/FsLp9Y5jBD)— Ledger (@Ledger) [January 23, 2026](https://twitter.com/Ledger/status/2014654355698278552?ref_src=twsrc%5Etfw)
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