Crypto commentator Lewis Jackson has pointed out various signals indicating that Ripple is preparing for an Initial Public Offering (IPO).
In a video, Jackson examined the company’s recent employment patterns, strategic expansion endeavors, and ongoing regulatory challenges as preliminary actions in their journey toward becoming a publicly traded entity.
He pointed out the notable increase in Ripple’s mergers and acquisition activities, like its acquisition of Fortress. They are actively acquiring companies on various fronts. Additionally, he highlighted the specific job positions that Ripple is actively recruiting for, including the manager of corporate development.
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These positions are strategically focused on driving the company’s growth by overseeing mergers and acquisitions and forging fresh partnerships to solidify its business model further.
Furthermore, Jackson explored how the company is bringing on board various engineering positions to bolster its technical infrastructure and capabilities. He pointed out that while this may not be a direct indicator of an impending IPO, it demonstrates the company’s commitment to growing and expanding its operations.
Speaking on financial roles, Jackson pointed out that Ripple is actively seeking a director of international tax and a financial risk director. These positions are crucial for ensuring the company’s financial operations are properly audited and aligned with international tax regulations.
He made it known that having these roles filled and a solid financial foundation is like lifting the hood to reveal what’s happening beneath the surface of Ripple, which in turn aids transparency and accountability in the IPO preparation.
He also discussed his thoughts on the potential stock exchange where the company could go public, focusing on the New York Stock Exchange (NYSE) as the top contender while considering London and Dubai as other options.
Read Also: Ripple IPO the Next Big Thing? XRP Community Anticipates
Jackson argued that the hiring trends imply a preference for the United States, aligning with the possibility of an NYSE listing, despite the company’s worldwide reach.
Like any forecast in the market, only time will reveal the truth of these predictions. Although Ripple has not officially confirmed an IPO, the company’s recent job listing for a Senior Shareholder Communications Manager strongly hints at one.
Investors and enthusiasts must keep a close eye on the company’s strategic moves while waiting for official announcements. As the crypto community wonders what Ripple might do next, Jackson’s analysis presents strong reasons to believe an IPO could be on the horizon.
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