Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions

The French crypto security firm, which is said to have explored a potential $4 billion U.S. listing, is reassessing its public market plans as volatile conditions weigh on investor appetite for crypto IPOs.\nWhat to know : Crypto wallet maker Ledger paused plans for a U.S. IPO because of unfavorable market conditions, according to two people familiar with the process. The French cryptocurrency security firm had reportedly hired Goldman Sachs, Jefferies and Barclays earlier this year for a potential IPO that could have valued the company at roughly $4 billion. Ledger has expanded in the U.S., appointing former Circle executive John Andrews as CFO in March and opening a New York office focused on its institutional business and Ledger Enterprise platform.