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The encryption hardware wallet provider Ledger may go public in New York.
[The encryption hardware wallet provider Ledger may go public in New York] The encryption hardware wallet provider Ledger is considering an IPO in New York, as the surge in cyberattacks has driven demand for its hardware devices to an all-time high, with revenue expected to soar to tens of millions of dollars by 2025. CEO Pascal Gauthier stated that Ledger protects approximately $100 billion worth of Bitcoin. He added that the company is preparing to raise funds next year, potentially through private placements or an initial public offering in the U.S. He also mentioned that Ledger is expanding its team in New York and pointed out that “today, cryptocurrency funds are concentrated in New York, not anywhere else in the world, certainly not in Europe.”