RATE Group | Here’s How XRP Could Derail Ripple’s IPO Plans
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Here’s How XRP Could Derail Ripple’s IPO Plans

25 Jan Here’s How XRP Could Derail Ripple’s IPO Plans

Posted at 22:17h in Cryptocurrency News by

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The crypto industry was surprised to hear reports that Ripple CEO Brad Garlinghouse is considering taking the fintech company public in the near future, with many analysts speculating as to how this couple impact XRP.

The news regarding their intent to eventually conduct an Initial Public Offering (IPO) isn’t too shocking while considering their recent $200m Series-C funding round, but it is being viewed by investors as a bearish thing for XRP.

It is important to note, however, that XRP’s close ties to the company may actually be the sole thing that stops Ripple from listing on the public markets, due to the lack of clarity on the token’s potential status as a security.

Ripple Muses Possibility of an IPO as Investors Cry Foul

During a discussion at the World Economic Forum in Davos, Ripple CEO Brad Garlinghouse told the Wall Street Journal that Ripple will be on the “leading side” of blockchain companies that go public.

“In the next 12 months, you’ll see IPOs in the…

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