How High Can XRP Go If Ripple Offers IPO?
Ripple, the fintech company that uses the XRP token, has expressed on multiple occasions that it wants to go public with an Initial Public Offering (IPO). If the company offers an IPO, it may lead to a spike in XRP’s price as well.
According to Linqto, an American investment firm that offers investments in pre-IPO stocks, Ripple is valued at around $7.3 billion, with each share going for $40.99.
Also Read: Ripple: Will XRP Break The $0.50 Price Mark This Weekend?
According to Zack Rector, Ripple could launch one of the biggest IPOs in recent times. The IPO could push the price of each Ripple share to $100, an almost 144% rise from current levels. If XRP’s price grows at a similar rate, it could rise to about $1.20.
When will Ripple (XRP) launch an IPO?
The company’s pursuit of an IPO has slowed down in the last couple of years. This is likely because of its ongoing lawsuit with the Securities and Exchange Commission (SEC). The financial watchdog has accused the company of selling unregistered securities. Last year, a district court stated that selling XRP to retail clients did not breach US securities laws. The suit is now in the high court, awaiting judgment.
According to XRP-centric attorney John Deaton, a Ripple IPO will likely take place once the lawsuit has reached a conclusion. Earlier this year, Ripple CEO Brad Garlinghouse said that the company may consider offering an IPO outside the United States. Garlinghouse stated that going public under the current administrative environment might not make sense.
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
The price of XRP might rise significantly if Ripple decides to go public after and if the high court rules in its favour. The asset reached all-time high of $3.40 more than six years ago in January 2018.
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