Ripple may go public: Report

Experts noted that Ripple might consider becoming a publicly traded firm but it will be a matter of time.

Ripple is a San Francisco-based fintech company. This company provides cross-border payment services via XRP coin. The majority of the customers of this firm are from non-US countries. Since Dec 2020, this blockchain firm has been under legal stress with the American securities regulatory body. 

Recently in an interview, Linda P. Jones from Digital Perspectives, said that there are huge chances that Ripple might consider launching its Initial Public Offering (IPO), which means Ripple might choose to become a publicly traded firm. 

Jones said that if Ripple will go public then 1 Ripple share will be equal to $35 but at the same time she confirmed that it is the lowest calculated value because here the currently used valuation for Ripple firm is $5.7 billion.

She noted that Ripple is separately holding nearly $21 billion worth of XRP coins at current trade price and the trade price of this token might reach $3.59 if Ripple will score a win in the XRP lawsuit against the United States Securities and Exchange Commission (SEC).

So if Ripple wins the case then the current valuation of this firm will surge by nearly 20 times and at that valuation, the price of one share will be nearly $600 per share. 

Earlier in early 2022, Ripple CEO Brad Garlinghouse said that Ripple might plan for IPO after the end of the Ripple vs SEC legal fight. 

In the present time, crypto legal experts are confident that Ripple will score a big win against the SEC body. But Ripple firm is ready with plan B also. 

Ripple’s CEO confirmed that Ripple will suspend all operations from the US jurisdiction to any crypto-friendly jurisdiction, in case of failure in this fight. 

Read Also: Chinese Yuan stablecoin developers arrested: Report 

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

- Advertisement -

Comments are closed.