Ripple, the San Francisco-based crypto solutions company and cross-border firm is likely to conduct an Initial Public Offering (IPO), according to some reputable sources. These rumors further mentioned that the Silicon Valley technology company which holds about 42 billion XRP tokens in its escrow accounts as of June 2023 held private meetings with top institutional investment firms in the United States in April.
With the longstanding lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) regarding the classification of XRP expected to be wrapped up soon, several updates have recently disclosed that Ripple may be planning an IPO after the lawsuit ends.
Read Also: XRP Sees $2.6 Billion Inflows in Just a Week As Investors Favor Ripple in SEC Lawsuit
Eleanor Terrett wrote, “In April, Ripple hosted a private “road show” (a marketing event where a company and its underwriters meet with potential investors to generate interest in an IPO). I’m told it was attended by just about every reputable institutional investment firm on the Street.”
This predicted Ripple IPO after the SEC case is projected to boost the company’s valuation by 20 times from the current valuation of about $5.7 billion, according to a Wall Street veteran with 25 years of career in the financial industry, Linda P. Jones. This expected 20 times massive rise in Ripple’s valuation would in turn catapult the company’s share price to $600 from the prevailing price of $35 per share.
Will we see a record setting #iPO for #Ripple after the Judges decision?
Listen to 25yr Wall St veteran discuss what a @Ripple iPO could look like,a 20x Valuation=$600+ Ripple share price? #RETWEET #XRPArmy
Credit: @LindaPJones pic.twitter.com/Ph7vdoeR0e— Digital PerspectivesPermaBull (@DigPerspectives) May 31, 2023
Meanwhile, a certain user with the name CryptoSasha submitted that Ripple’s IPO should not be expected anytime soon until late 2024 or early 2025, citing poor IPO market conditions such as recession, and low access to cash among others.
Read Also: Financial Analyst Says it Makes Sense for Ripple to Go Public When XRP is Low-priced. Here’s why
Regarding share price, the user said a $100-150 billion valuation from the current $34 to $35 a share is a very realistic valuation. In addition, CryptoSasha noted that Ripple could reach a $250 billion valuation by 2030 and perhaps become a $1 trillion company just like Nvidia.
It bears noting that the final verdict in the XRP lawsuit would play a part in Ripple’s valuation growth and IPO success. While it remains unknown when the case would be concluded, Ripple CEO Brad Garlinghouse is confident XRP is not a security, adding that the SEC would lose the case.
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