FT: Ledger discusses US IPO with Goldman Sachs, Barclays at $4B valuation

The Financial Times reported on Friday that Ledger is in talks with Goldman Sachs, Jefferies and Barclays about a potential US IPO that could value the firm above $4 billion. Ledger posted a record 2025 with revenue in the triple-digit millions amid rising crypto hacks, and it declined to confirm the IPO discussions when contacted.