Ledger Plans U.S. IPO Valued Over $4B Amid Crypto Boom
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- IPO Plans: Ledger is collaborating with several investment banks to facilitate a U.S. initial public offering this year, potentially valuing the company at over $4 billion, indicating a robust recovery in the cryptocurrency market and sustained investor interest.
- Market Context: The wave of crypto-related public debuts has shown no signs of slowing since President Trump returned to the White House last year, reflecting increased confidence in crypto assets and potentially providing a favorable environment for Ledger's IPO.
- Competitive Dynamics: Earlier this week, BitGo successfully began trading after raising approximately $213 million at a $2.08 billion valuation, further demonstrating the active fundraising environment in the crypto sector, which may attract more investor attention to Ledger's IPO.
- Bank Involvement: Major investment banks like Goldman Sachs, Jefferies, and Barclays are involved in Ledger's IPO plans; although they declined to comment, their participation adds credibility and market confidence to Ledger's upcoming public offering.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GS is 848.09 USD with a low forecast of 604.00 USD and a high forecast of 1048 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 936.810
Low
604.00
Averages
848.09
High
1048
Current: 936.810
Low
604.00
Averages
848.09
High
1048
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SPDR Gold ETF Surges 25% Year-to-Date, Outperforming Major Stocks
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- Gold Price Dynamics: Gold's low correlation with stocks and bonds makes it an ideal choice for investors during periods of global tension and economic uncertainty, as historical data shows that gold can provide effective hedging during significant market drawdowns.
- Future Price Expectations: Several financial institutions project gold prices to reach between $5,300 and $6,000 per ounce by 2026, and despite mixed opinions on the geopolitical and economic turmoil caused by Trump's policies, the overall trend remains bullish, suggesting investors should consider increasing their exposure to gold ETFs to mitigate potential risks.
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SPDR Gold ETF Surges 25% Year-to-Date, Outperforming Major Tech Stocks
- Strong ETF Performance: The SPDR Gold ETF has surged 25% year-to-date, significantly outperforming Palantir Technologies' 12% decline and Nvidia's 3% increase, highlighting gold's strong appeal as a safe-haven asset.
- Market Benchmark Outperformance: Over the past six months, the SPDR Gold ETF has outperformed the S&P 500 by 52 percentage points, indicating a sustained increase in investor demand for gold amid rising economic uncertainty.
- Inflation Hedge: Gold is considered a safe asset due to its low correlation with stocks and bonds during geopolitical tensions and economic crises, with historical data showing that gold provides effective hedging during major market drawdowns.
- Future Price Predictions: Several financial institutions forecast gold prices reaching between $5,300 and $6,000 per ounce by 2026, despite the current price being $5,400, reflecting strong market demand for gold, particularly in light of economic turmoil triggered by Trump administration policies.
Continue Reading