Following Ripple’s latest victory against the United States Securities and Exchange Commission (SEC), which saw several crypto exchanges relist XRP on their various platforms, attention seems to shift toward Initial Public Offering (IPO) as Ripple’s next move, with many speculating a possible IPO.
I think @ripple is going to go IPO outside the United States.
— Digital Asset Investor.XRP (@digitalassetbuy) July 14, 2023
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
Ripple IPO: What Does This Entails
Now that the status of XRP as a digital asset, which has been the bone of contention between Ripple and the U.S. securities watchdog SEC has been resolved, there is rising speculation that the cross-border payment firm may soon decide to go public.
An IPO is also expected to allow Ripple to leverage its growing influence for further expansion.
Initially, many institutional players were being cautious about foraying into the crypto industry due to regulatory concerns. Obviously, the latest ruling has served as a boost of confidence for this set of investors. And an IPO is expected to attract more capital for Ripple and boost its trustworthiness as a regulated entity.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Expected Dates For Ripple’s IPO: What Are Crypto Enthusiasts Speculating?
In the past, Ripple CEO, Brad Garlinghouse, hinted at a potential XRP public offering, but that was in the middle of the legal tussle with the U.S. SEC.
An IPO entails several regulatory and legal requirements that include due diligence, financial disclosures, and compliance with security laws which Ripple could not provide due to the pending legal case.
John Deaton noted in June that Ripple IPO should be expected a year after a successful court battle. He also asserted that XRP could leverage IPO opportunities to attain a $100 billion value.
Meanwhile, Wall Street financial expert Linda Jones thinks that Ripple IPO should come when XRP value is yet to surpass bounds. While SBI CEO was more direct in his claims for XRP’s public offering, noting back in June that Ripple will move for IPO once it secures a win against the SEC.
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