Ripple IPO Delayed Amid Fintech Downturn
The anticipated Ripple Initial Public Offering (IPO) may face a delay due to the current downturn in the global financial technology market. Dushyant Shahrawat, Director of FinTech Investment Banking at Rosenblatt Securities, suggested this potential delay. In an interview with Jill Malandrino on NASDAQ, Shahrawat highlighted the declining performance of significant fintech companies, stating that the fintech index of the top 55 companies is down by 60% and at an all-time low. This poor performance is affecting investment options, including IPOs. Companies like Ripple and Circle, planning to go public by 2024, could see their IPO timelines pushed back. The interconnectedness of these businesses reflects broader developments affecting fintech and cryptocurrency markets.
Crypto Analyst’s Insight on Ripple IPO
Wall Street Specialist Linda P. Jones believes that Ripple’s IPO could take place in 2024, with mid-May being an ideal time. However, if it doesn’t happen within this timeline, she suggests it may be delayed until 2025. Given the current market conditions, stakeholders and the wider cryptocurrency community should adjust their expectations regarding the timing of Ripple’s IPO. As market volatility continues, further updates on Ripple’s plans are expected.
Hot Take: Ripple’s IPO Faces Uncertainty Amid Fintech Market Downturn
The rumored Ripple Initial Public Offering (IPO) may experience a delay due to the current bearish state of the fintech market. Director of FinTech Investment Banking at Rosenblatt Securities, Dushyant Shahrawat, highlighted the declining performance of fintech companies, signaling caution in the industry. Ripple and other companies planning IPOs may face setbacks as a result. However, Wall Street Specialist Linda P. Jones believes there is still a chance for Ripple’s IPO in 2024, with a potential shift to 2025 if necessary. As market conditions continue to evolve, stakeholders and the cryptocurrency community should adjust their expectations accordingly.
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