Ripple Should Start Preparing for IPO ‘as Soon as Possible,’ SBI CEO Says

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As a seasoned crypto investor with over a decade of experience navigating the ever-evolving digital asset landscape, I find myself intrigued by the latest developments surrounding Ripple and its potential initial public offering (IPO).

On a popular social media platform, the CEO of SBI Holdings, Yoshitaka Kitao, advised Ripple, a prominent enterprise blockchain company, to start readying itself for an Initial Public Offering (IPO) promptly following the resolution of the SEC issue.

In early October, Ripple’s legal fight against the SEC took a turn as the SEC announced its intention to appeal the case, prolonging their ongoing dispute. Yet, it appears that the regulatory uncertainty may soon lift from Ripple. Numerous legal experts speculate that the SEC will choose not to pursue the appeal, given the anticipated leadership change at the agency.

Of course, there’s been a bit of discussion lately on the possibility of Ripple going public soon.

According to U.Today’s report, Ripple CEO Brad Garlinghouse mentioned that going public isn’t currently a top priority for the company due to its solid financial standing. However, he didn’t entirely dismiss the possibility of an Initial Public Offering (IPO).

As a financial analyst, I’d rephrase the statement as follows: “In 2022, I anticipated that my company would commence investigating a potential Initial Public Offering once the resolution of our legal case with the SEC was complete.

Earlier, the Ripple boss also stated that he saw Ripple becoming a public company in the future.

In early 2020, the head of Ripple had forecasted that the company would conduct an Initial Public Offering (IPO) within a year. However, as we all know now, things didn’t unfold as anticipated because the SEC filed a lawsuit against the company recently, which hindered these plans.

Now, it seems like Ripple is still in a wait-and-see mode when it comes to its IPO plans.

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2024-11-17 12:39