2023-11-20 03:49:50
The movement in the crypto space regarding the future of Ripple Labs, a US FinTech payment technology company which has been facing lawsuits from the US Securities and Exchange Commission (SEC) since December 2020, is increasing. even more severe
Wall Street financial experts have commented on Ripple’s plans to raise funds through an initial public offering (IPO) next year, which begs the question: Will the price of XRP hit $10? no? If Ripple launches IPO
Ripple IPO coming in May 2024?
Linda P. Jones According to best-selling author and Wall Street expert, There may be a Ripple IPO next year.
During an interview with Linqto Jones offered insights and an expected date for Ripple’s public listing. She also shared her thoughts on the potential value of Ripple shares.
Brad Garlinghouse Ripple’s CEO floated the idea of a possible initial public offering (IPO) in 2020 when he stated that the move would be “A natural evolution for our company.”
Recently, rumors of Ripple’s IPO intensified when the company posted a job announcement for a senior shareholder communications manager. especially The roles and duties defined for potential applicants reflect the public company’s business orientation.
Although there has been no official announcement from Ripple regarding its plans to list on the stock exchange. But Jones believes Pressure from investors may push company executives in this direction. She further explained that “I think Ripple investors are looking for an exit strategy and Brad Garlinghouse It will face pressure to do so. Even if they don’t need to use the money from the IPO.”
In Jones’ opinion, Ripple may launch its IPO on May 15, 2024. She noted that this would be an ideal time for the payments company. Explained:
“I think Ripple wants to be listed on the stock market next year. Mid-May would be the most suitable time. Especially around May 15th, that’s the first target for them to potentially list on the stock market.”
Can XRP hit $10?
Senior Wall Street investor predicts Ripple will be listed on the stock market next year If there are favorable economic factors such as lower inflation and interest rates. This creates a conducive environment for IPOs.
For some investors Ripple’s IPO might give the company the attention and credibility of institutional investors, banks, and the financial industry. This may indirectly have a positive effect on XRP’s image.
At press time, XRP is trading at $0.612, up 1.4% on the day. If Ripple’s IPO is successful, XRP might easily hit $10.
Source: zycrypto
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