Is Ripple Planning to Go Public?
Following its recent victories against the Securities and Exchange Commission (SEC), there is increasing speculation about whether Ripple, the blockchain company behind XRP, is planning to go public. Job openings listed on Ripple’s website seem to suggest that the company is preparing for an initial public offering (IPO), according to cryptocurrency pundit Lewis Jackson. Jackson’s analysis indicates that Ripple is currently in the preparatory stages for going public.
A Shift in Strategy
While Ripple continues to focus on international growth, there has been a noticeable shift in strategy with the company seeking US-based personnel. The specific roles being advertised on Ripple’s website, such as manager and director of corporate development, are crucial for the future development of a major public company. Other positions available, including directors of international tax and financial risk directors, also indicate preparations for an IPO. Additionally, Ripple is looking for shareholder communication senior managers, suggesting a future need for managing investor relations.
XRP’s Potential Price Increase
If Ripple secures a definitive victory over the SEC and successfully goes public, there is a chance that XRP could surpass $3 and maintain a higher price. Such outcomes would carry more weight than July’s ruling and could potentially boost investor confidence in XRP.
Hot Take: Is Ripple Ready to Make Waves in the Public Market?
Ripple’s recent courtroom victories against the SEC have fueled speculation about the company’s plans to go public. Job openings on its website hint at preparations for an IPO, indicating a potential shift in strategy and the importance of key roles in building a major public company. While success against the SEC and going public could lead to significant gains for XRP, only time will tell if Ripple can ride this wave of momentum towards a successful entry into the public market.
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