Rumors of a Ripple IPO have been swirling the crypto community for quite some time now and industry leaders are beginning to join in on the conversation. The latest comments come from Lint’s Community Director Ray Fuentes, who believes an Initial Public Offering (IPO) could be on the way.
Ripple IPO Might Happen In 2024
Speaking on the Thinking Crypto podcast, Fuentes revealed that he is rather optimistic that a Ripple IPO could happen in 2024. His picking out 2024 as a possible year for the IPO has to do with the fact that he does not think market conditions are favorable in 2023. This is due to the quantitative tightening that the finance markets have experienced as a result of rising inflation.
Nevertheless, Fuentes pointed to Ripple’s offering in the space that it continues to lead the way in areas such as payments. His 2024 target comes with the timeline that stablecoins such as USDT could become recognized as money and Ripple could tap from a market such as this.
2024 is also the year of the Bitcoin halving when the bull market is expected to begin and Fuentes sees this as a time where there will be ample liquidity. As investor sentiment improves during such times, Fuentes expects it to be a good time for a move such as a Ripple IPO.
Price makes its way above $0.55 | Source: XRPUSD on Tradingview.com
Job Posting Fuels Rumors
Earlier in the month, community speculation around a potential Ripple IPO reached one of its highest levels when a job posting by the company was circulated around social media. The posting was for the role of a Shareholder Communications Manager and the job description turned more than a few heads.
The role highlighted managing shareholder and investor/analyst communications, which is a job description that is often found at public companies. Communications will also extend to existing and potential investors, as well as existing shareholders and financial analysts.
Furthermore, there is the part where the individual will have to come up with plans for mergers and acquisitions (M&A), as well as liquidity events, investments, and high-impact moments. Once again, a number of responsibilities are often available in publicly traded companies.
Ripple has yet to respond to the rumors of an IPO, but industry experts have chimed in. Financial expert Linda Jones, using data from Linqto, put the Ripple share price at a potential $600 per share. Jones believes that Ripple is more valuable than when Coinbase went public, putting its IPO valuation at an impressive $107 billion.
Featured image from Coinpedia, chart from Tradingview.com