Hardware wallet company Ledger plans to IPO in New York with a valuation exceeding $4 billion.

According to the Financial Times, French hardware wallet company Ledger has hired Goldman Sachs, Jefferies, and Barclays to prepare for its US IPO, which could value the company at over $4 billion and could proceed as early as 2026. The company says it has seen record revenue in recent years, driven by investor demand for anti-hacking measures, and its valuation is expected to be around $1.5 billion after a funding round in 2023.