Following Ripple’s recent victory against the US regulator, speculation about the possibility of a Ripple IPO mounts.
After nearly three years of legal battles, the US court declared XRP a non-security digital asset, winning against the US Securities and Exchange Commission (SEC). The decision marked a significant win for Ripple, the XRP community, and the broader crypto industry.
However, the favorable court outcome has sparked discussions about Ripple’s plans in the pipeline, including the potential for an Initial Public Offering (IPO).
I think @ripple is going to go IPO outside the United States.
— Digital Asset Investor.XRP (@digitalassetbuy) July 14, 2023
Prominent figures in the XRP community are theorizing that since Ripple surmounted a significant hurdle against the US regulator, followed by crypto exchanges relisting XRP, the next line of endeavor would be an IPO.
Here is the recap I posted numerous times…
1. Ripple Victory. ✔️ ✅️
2. Exchanges Relist XRP. ✔️ ✅️
3. Ripple IPO Across Stock Exchanges.
4. XRP As Bridge Currency for CBDC.
5. XRP As US Reserve Currency.
And yes, with only 500 XRP, you will become Millionaire! 💎 👍
— Kenny Nguyen (@mrnguyen007) July 14, 2023
What Ripple IPO Means
Ripple has a prominent player in the blockchain industry. With regulatory uncertainties surrounding XRP now resolved, an IPO would offer the firm an opportunity to capitalize on its growing influence and expand its operations further.
An IPO would provide Ripple with a substantial capital influx and enhance its credibility as a regulated entity. It could also attract a broader range of investors, including institutional players, who have been cautious about entering the crypto space due to regulatory concerns.
While Ripple has not officially confirmed the current talks on an IPO, Ripple’s CEO, Brad Garlinghouse, has previously hinted at the company’s potential public offering, as The Crypto Basic reported.
However, it’s important to note that going public through an IPO involves various regulatory and legal requirements. The complexities of the IPO process include financial disclosures, due diligence, and compliance with securities laws.
When Could Ripple IPO Be?
In an interview in June, famous pro-XRP attorney John Deaton expressed a view that Ripple going public could be in a year following a complete lawsuit victory, as The Crypto Basic reported. Deaton also argued that Ripple’s value could reach $100 billion as a result.
On the other hand, Wall Street financial expert Linda Jones believes Ripple IPO should come when XRP’s value has not exceeded bounds.
SBI CEO on April 2021 said that Ripple would go for IPO after a win from SEC.