Ledger Halts IPO Amid Crypto Market Downturn

Cryptocurrency hardware wallet maker Ledger has reportedly decided to postpone its planned initial public offering (IPO) in the United States. The company, valued at approximately $4 billion, was reportedly seeking to list on a U.S. exchange but has now put those plans on hold. This decision comes as the broader cryptocurrency market is experiencing a significant downturn, making it an unfavorable time for such a public debut. Ledger had previously engaged investment banks to assist with the IPO process, but market conditions have led to this strategic pause.