Hardware wallet provider Ledger is preparing a $4 billion public listing in 2026, engaging banks including Goldman Sachs. This move follows a surge in crypto IPOs, with BitGo recently raising $212 million. Several other firms, such as CertiK and Kraken, are also eyeing public debuts next year.
Ledger, a leading provider of hardware crypto wallets, is advancing plans for a $4 billion initial public offering on the New York Stock Exchange later in 2026. The company has enlisted Goldman Sachs, Jefferies, and Barclays to facilitate the deal, according to individuals familiar with the discussions who spoke to the Financial Times. Neither Ledger nor the banks responded to requests for comment from DL News.
This development arrives amid renewed interest in crypto listings. Just this week, custody firm BitGo completed its NYSE debut, securing over $212 million. Last year, digital asset companies collectively raised $3.4 billion via IPOs, per DefiLlama data, setting the stage for Ledger's potential blockbuster offering.
Ledger's ambitions align with a broader trend in the sector. Web3 security firm CertiK announced its IPO intentions at the World Economic Forum in Davos, Switzerland. "Taking CertiK public is a natural next step as we continue scaling our products and technology," stated Ronghui Gu, CertiK's co-founder and CEO, in a CBS article.
Crypto exchange Kraken filed a confidential S-1 with the US Securities and Exchange Commission in November, targeting a listing in the first half of 2026. The firm has diversified beyond trading, incorporating traditional financial services and pursuing acquisitions, as noted by co-CEO Arjun Sethi.
Infrastructure provider Consensys, valued at $7 billion with 30 million monthly users, is negotiating with JPMorgan and Goldman Sachs for a 2026 debut, per Axios reporting from October 2025. Its MetaMask wallet expanded to support Bitcoin and Solana that year.
Other players include Evernorth, set for a Nasdaq SPAC merger in the first quarter of 2026 under ticker XRPN, holding 388 million XRP tokens acquired at an average of $2.44. Hong Kong-based Animoca Brands aims for Nasdaq via a reverse merger, focusing on Web3 gaming. Seoul's Bithumb plans a 2026 listing on South Korea's main exchange with Samsung Securities as underwriter.
Despite a current market downturn, these plans signal growing institutional interest in crypto equities.
