Ledger Targets $4 Billion Valuation for NYSE IPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Source: Benzinga
- IPO Plans: Ledger is preparing for an IPO within 2023, targeting a valuation of $4 billion, nearly triple its 2023 price, indicating strong growth potential in the crypto hardware wallet market.
- Banking Partners: The company is collaborating with Goldman Sachs, Jefferies, and Barclays to expedite the IPO process, leveraging the recent success of BitGo's listing to boost market confidence.
- Market Demand: CEO Pascal Gauthier highlighted that rising security breaches are driving demand for hardware wallets, creating a favorable market environment for Ledger's IPO.
- Industry Context: The 2025 crypto IPO landscape showed mixed results, with 11 companies raising about $14.6 billion, but Bitcoin price volatility has pressured new listings, posing potential reputational challenges for Ledger.
Analyst Views on BTGO
Wall Street analysts forecast BTGO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTGO is USD with a low forecast of USD and a high forecast of 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.
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Current: 13.320
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About BTGO
BitGo Holdings, Inc. is a digital asset infrastructure company. The Company's technology platform is structured into four distinct layers: self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service solutions. The Company's products include Wallet Services, Financial Services, Protocol Solutions and Build with BitGo. Its Wallet Services include Qualified Custody, Custody Wallets, Bitcoin Treasuries, Crypto Treasuries, Go Account, Self-Custody, Hot Wallets, Cold Wallets and Wallet-As-A-Service. Its Financial Services include Liquidity, Financing, Collateral Management, Wealth Management, Settlement, Go Network and Real World Assets. Its Protocol Solutions include Staking Services, Restaking, Bitcoin Staking, Token Management, Listing Services, Stablecoin-as-a-Service, USD1, and GENIUS Act. Its Build with BitGo products include Crypto-as-a-Service, BitGo SDK, REST APIs and Express. Its solutions by segment include institutional, platform and individuals.
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.
