After months of speculation and anticipation, the possibility of a Ripple IPO has been heavily discussed within the crypto market. Ripple’s CEO Brad Garlinghouse has previously expressed interest in taking the company public, but only once its legal dispute with the U.S. Securities and Exchange Commission (SEC) has been resolved. The SEC’s lawsuit against Ripple claims that the company issued unregistered securities in the form of XRP tokens, sparking a contentious legal battle.
Recent progress in the case has signaled potential victories for Ripple, as the ongoing legal battle has proven to be costly and time-consuming for the company, with CEO Brad Garlinghouse stating that it has cost more than $200 million. With the case leaning in Ripple’s favor and the potential for a favorable outcome, discussions of a settlement have emerged, as both parties stand to benefit from resolving the dispute. While neither party has confirmed ongoing discussions, reports indicate that the SEC is seeking a settlement fee of $770 million. However, attorney John Deaton believes this figure could be reduced to under $20 million, which would be seen as a victory for Ripple.
Looking ahead, market experts have started forecasting the potential timeline for Ripple’s IPO. Wall Street financial expert Linda Jones has shared her insights on when Ripple might go public, estimating that the company could face pressure from investors to consider an IPO, despite not needing the funds, due to its investors’ desire for an exit. Jones identified May 2024 as a possible ideal time for Ripple to conduct its IPO; she emphasized that this prediction is speculative and subject to conditions aligning. In the event Ripple does not go public in 2024, Jones has also suggested 2025 as an alternative timeline. This speculation is based on Ripple being valued at $86 billion, similar to Coinbase, and given its $21 billion XRP holdings, leading to a combined valuation of $107 billion.
Ripple pre-IPO shares are already available for trading, indicating strong market demand, with shares trading at around $60. This demonstrates the perceived value and interest in Ripple’s future among investors eagerly awaiting updates on the potential IPO. With the possibility of a successful outcome in its legal dispute with the SEC, Ripple’s IPO could mark a significant milestone for the company, potentially reshaping the landscape of the global cryptocurrency market.
Linda Jones’ predictions are bolstered by her extensive 25-year career in the financial industry, adding credibility to her speculative insights. Despite this, it’s important to treat these forecasts as informed estimations rather than concrete plans, given the fluid nature of the market and potential variables that could impact Ripple’s decision-making. The anticipated IPO has garnered attention from investors and industry observers, highlighting the significant implications it could have in the crypto sphere.
Furthermore, pre-IPO shares in Ripple have made a notable comeback, now available for purchase on Linqto, a platform offering investors access to these shares. This development could reflect increasing interest in Ripple’s potential growth and future prospects. Investors seeking early exposure to Ripple’s market debut can now explore pre-IPO shares as a means of participating in the company’s future journey.
The looming prospect of Ripple going public has been a point of interest for market participants, spurred by the implications it could have on the crypto landscape. Whether Ripple decides to capitalize on an IPO remains to be seen, but the anticipation surrounding this possibility underscores its significance within the industry. The potential conclusion of the legal dispute with the SEC and Ripple’s IPO date are poised to be seminal moments in the company’s trajectory, showcasing its resilience and adaptability within the ever-evolving crypto space.