Ripple Labs, an American fintech payments startup, has been engaged in a litigation with the U.S. Securities and Exchange Commission (SEC) since December 2020, and the rumblings in the crypto corridors over its future have intensified.
An expert on Wall Street has offered his thoughts on Ripple’s possible IPO ambitions over the next year. Ripple could have an initial public offering (IPO) in 2024, according to best-selling book and financial analyst Linda P. Jones.
Jones provided detailed insights and anticipated dates for Ripple’s potential IPO when speaking with Linqto. In addition, she discussed her ideas on the possible worth of Ripple’s shares.
In 2020, Ripple’s CEO Brad Garlinghouse initially mentioned the possibility of an initial public offering (IPO), saying it would be “a natural evolution for our company.”
The most recent development in the speculation around Ripple’s potential IPO began with the company’s posting for a Senior Manager of Shareholder Communications. The duties and obligations stated for the position mirror those of a publicly traded company, which is worth mentioning.
Although Ripple has not yet publicly stated its plan to go public, Jones thinks that the company’s leaders may be pushed in this direction by investors. She went on to say, “Well, as I said, Ripple was started in 2012, and I believe their investors want to get out. Brad [Garlinghouse] will feel pressured to do that, even though they don’t need the money from the IPO.”
Jones predicts that May 15, 2024, might be the date of Ripple’s first public offering (IPO). She said that the payments business would be well to act now, explaining:
“I believe that mid-May, namely around May 15, presents a possibility for Ripple to go public next year. If the stars aligned and they wanted to go public, that is my primary objective for when they may go public. In my opinion, it is quite unlikely that it will occur until 2025 if it fails to materialize.”
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