Rumors of Ripple and Circle IPOs
There have been rumors circulating within the crypto community that Ripple may be considering an initial public offering (IPO). However, it seems that another major player in the crypto space, Circle, is also rumored to be planning a public debut in 2024.
Circle’s Potential IPO
While speculation about Ripple’s IPO has lost some steam, reports of USDC stablecoin issuer Circle going public have gained traction. According to a Bloomberg report, Circle is allegedly in talks with its advisers about filing for an IPO in 2024. Despite the rumors, Circle has not confirmed or denied these speculations.
In July 2021, Circle had plans to go public through a blank-check merger deal valued at $4.5 billion. However, the company was unable to do so because the US SEC had not given its approval. This led to a mutual termination of their proposed business affiliation with Concord Acquisition Corp.
Ripple’s IPO Speculations
Ripple, a blockchain-based digital payment network, has also been the subject of recent IPO rumors. These rumors have sparked the interest of the XRP community, with members questioning how an IPO would impact the long-term value of XRP.
While some believe an IPO would increase interest in XRP, others are skeptical due to ongoing legal issues between Ripple and the SEC. Founder of Dizercapital, Yassin Mobarak, stated that he does not believe Ripple will go public this year or early in 2024 due to these legal challenges.
Hot Take: The Future of Ripple and Circle
The potential IPOs of both Ripple and Circle have generated significant interest and speculation within the crypto community. As both companies navigate regulatory challenges and explore the possibility of going public, it remains to be seen how these developments will impact their respective ecosystems and the broader cryptocurrency market.
By
By
By
By
By