Ledger shelves $4B US IPO plans due to unfavorable crypto market, considering a private raise to avoid undervaluation risks.
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Ledger aims for a private capital raise amid downturns in the crypto market and market volatility.
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Prominent hardware wallet maker Ledger has delayed its plan to go public in the US market due to unfavorable market conditions, which may weaken investor appetite for crypto listings.
The development was reported Wednesday by CoinDesk, based on sources familiar with the issue.
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