Ripple IPO Speculations
There have been ongoing speculations about Ripple potentially issuing an Initial Public Offering (IPO). While there has been no confirmation or denial from Ripple or its executives, evidence suggests that a Ripple IPO is not happening anytime soon.
Ripple IPO Not Happening Till After SEC Lawsuit
Yassin Mobarak, founder of Dizer Capital, shared on his X platform that he doesn’t believe the rumors about Ripple going public this year or early in 2024. He mentioned a conversation with Ripple’s CEO Brad Garlinghouse, where Garlinghouse explained that the Securities and Exchange Commission (SEC) must approve their prospectus before they can go public. Given their ongoing legal battle with the SEC, it is unlikely to happen any time soon. Garlinghouse also mentioned considering other options like a liquidity event outside the United States without providing a specific timeframe.
John Deaton’s Perspective
Legal expert John Deaton echoed Mobarak’s sentiments by stating that Ripple has “zero plans” of issuing an IPO before June 2024. He mentioned that his opinion is not based on insider information but could be related to the fact that an IPO isn’t expected until the SEC’s case against Ripple is over. Deaton also noted that there are no current settlement talks between Ripple and the SEC, which could result in a prolonged legal process affecting when Ripple will apply for an IPO prospectus approval.
Hot Take: No Ripple IPO in Sight
The evidence from Yassin Mobarak and John Deaton suggests that a Ripple IPO is unlikely to happen until after their legal battle with the SEC is resolved. This means that any rumors claiming otherwise should be taken with caution as Ripple currently has “zero plans” for an IPO before June 2024. The ongoing legal proceedings are a significant factor affecting any potential timeline for a Ripple IPO.
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