Ripple has said on several occasions it would like to launch an Initial Public Offering. If Ripple offers an IPO it could lead to a rise in XRP.
As per LinqtoRipple – an American investment company that invests in preIPO shares – is currently valued at $7.3 billion. Shares are priced at $40.99 each.
Also Read: Ripple: Will XRP Break The $0.50 Price Mark This Weekend?
Zack Rector believes that Ripple may launch the largest IPO in recent history. This could increase the value of Ripple shares to 100 dollars, a 144% jump from their current price. If XRP grows at a comparable rate, its price could reach $1.20.
When is Ripple’s (XRP), IPO scheduled?
In the past two years, there has been a slowdown in the company’s efforts to launch an IPO. The company is likely to be slowed down by its lawsuit against the Securities and Exchange Commission. The Financial Watchdog accused the firm of selling unregistered security. A district court ruled last year that the sale of XRP by retail customers did not violate US securities law. This case has now been sent to the US high court for a judgment.
John Deaton is an XRP attorney who believes that a Ripple IPO would be likely to take place after the litigation has been concluded. Ripple CEO Brad Garlinghouse announced earlier in the year that his company could consider an IPO out of the United States. Garlinghouse said that the company might not be able to go public in today’s administrative climate.
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
If Ripple goes public and if the court decides in Ripple’s favor, XRP could rise dramatically. It reached its highest level of $3.40 in January 2018 – more than 6 years earlier.
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Source: watcher.guru
