The hardware wallet security company Ledger is preparing for a major move to enter the US capital market. According to the latest reports, this crypto security firm has hired three investment banks—Goldman Sachs, Jefferies, and Barclays—to advance its IPO plan, with a potential listing expected to be completed this year.

The market's potential valuation is quite substantial—over $4 billion. It’s worth noting that this France-based company, founded in 2014, was valued at only $1.5 billion last year. In just one year, its valuation has nearly tripled, showing a very strong growth momentum.

What is driving this surge? Ledger CEO gives a straightforward answer: a record-breaking year. As hacking attacks and scam risks continue to rise, more and more investors are realizing the importance of self-custody, making hardware wallets their standard choice. As a leading player in the industry, Ledger directly benefits from this demand explosion.

However, it is important to note that while the IPO plan is progressing, the specific timing and final valuation remain uncertain. Changes in the capital markets often exceed expectations, so continued attention to developments is necessary.