Ripple is a blockchain-based payment platform that has been gaining significant traction in recent years. Its native token, XRP, has also been on the rise due to various partnerships and developments within the ecosystem.
Ripple has repeatedly stated its intention to go public through an Initial Public Offering (IPO). If Ripple proceeds with an IPO, it could potentially cause a surge in XRP’s price. Moreover, Linqto, an American investment firm specializing in pre-IPO stocks, values Ripple at approximately $7.3 billion, with shares priced at $40.99 each.
Zack Rector suggests that Ripple might soon launch one of the largest IPOs in recent history. This could propel the price of Ripple shares to $100, representing a nearly 144% increase from current levels. If XRP follows a similar pattern, its price could rise to approximately $1.20.
When Will Ripple (XRP) Go Public (IPO)?
The Ripple company’s IPO efforts have slowed over the past few years, likely due to an ongoing lawsuit with the SEC. The financial regulator has accused the company of selling unregistered securities. Last year, a district court ruled that selling XRP to retail clients didn’t violate US securities laws. The case is now in the high court, awaiting judgment.
XRP-focused attorney John Deaton believes a Ripple IPO is likely once the lawsuit concludes. Earlier this year, Ripple CEO Brad Garlinghouse mentioned the possibility of offering an IPO outside the United States. Garlinghouse noted that going public under the current regulatory climate might not be practical.
Moreover, the price of XRP could surge if Ripple goes public following a favorable high court ruling. The asset last hit an all-time high of $3.84 over six years ago, in January 2018.
Our Final Thoughts:
Despite the delays in Ripple’s IPO plans, there is still much excitement and speculation surrounding the possibility. With positive developments such as partnerships with major financial institutions and a potential favorable ruling in their lawsuit with the SEC, Ripple could see significant growth in both its company value and XRP price.
However, only time will tell when or if Ripple will officially go public through an IPO. Until then, investors should keep a close eye on any updates and market movements related to this potentially game-changing event for the cryptocurrency industry.
Also Read: How Can Bitcoin (BTC) Reach the $1 Million Milestone?
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
