Ripple has said on several occasions it would like to launch an Initial Public Offering. If Ripple offers an IPO it could lead to a rise in XRP.
The following is a list of LinqtoRipple, an American firm offering investments in preIPO stocks is worth around $7 billion. Each share costs $40.99.
Also Read: Ripple: Will XRP Break The $0.50 Price Mark This Weekend?
Zack Rector believes that Ripple may launch the largest IPO in recent history. The IPO may push Ripple’s share price to $100. That would be a rise of almost 144% from the current level. If XRP grows at a comparable rate, its price could reach $1.20.
When is Ripple’s (XRP), IPO scheduled?
![Ripple](https://fxruhanahmed.com/2/wp-content/uploads/2024/06/How-High-Can-XRP-Go-If-Ripple-Offers-IPO.jpg)
The pursuit of an IPO by the company has slowed in recent years. The company’s ongoing suit with the Securities and Exchange Commission is probably to blame. It is possible that this was due to the ongoing litigation with Securities and Exchange (SEC). financial Watchdogs have accused the firm of selling securities that are not registered. A district court ruled last year that the sale of XRP by retail customers did not violate US securities law. Now, the case is in front of the High Court and awaiting a decision.
John Deaton of XRP, a XRP lawyer says that a Ripple IPO is likely to happen once the case has concluded. Ripple’s CEO Brad Garlinghouse stated earlier this year that the company might consider an IPO in countries other than the United States. Garlinghouse said that the company might not be able to go public in today’s administrative climate.
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
If Ripple goes public and if the court decides in Ripple’s favor, XRP could rise dramatically. In January 2018, the asset had reached its all-time highest price of $3.40, which was more than six year ago.
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Source: watcher.guru