During recent talks among XRP enthusiasts, Ripple‘s CTO David Schwartz clarified the relationship between Ripple stock and XRP. His comments generated excitement as Ripple considers going public through an Initial Public Offering (IPO).
During an animated discussion in the community, Schwartz shared his views on Ripple shares versus XRP. In response to questions about his preference, he pointed out the significant difference in liquidity between XRP and the privately-held company stocks. He emphasized that XRP offers greater liquidity compared to the stocks.
The discussion explored the intricacies of owning stocks, as some people pondered over Schwartz’s possible reasons and factors at play. Some questioned the specifics of his stock holdings and the potential consequences of an IPO, while others reminisced about their own encounters with vesting periods and tax liabilities.
Humorous anecdote: I find myself in an amusing predicament where I might need to offload some Ripple shares imminently in order to acquire more. The reason being, I hold certain options to buy Ripple shares that are about to expire. However, activating these options comes with a substantial tax bill.
— David “JoelKatz” Schwartz (@JoelKatz) April 23, 2024
Schwartz expressed his unease about the riskiness of his present stock investments, suggesting that he might take steps to reduce this risk in the future. He hinted at the possibility of offloading Ripple stocks to purchase others, mentioning the impending expiration of options and substantial tax implications as reasons.
Ripple aims for IPO
Currently, Ripple CEO Brad Garlinghouse’s past comments regarding investigating IPO possibilities outside the United States are still relevant. However, due to the ongoing legal dispute with the SEC, any plans for an IPO have been put on hold. Garlinghouse remains hopeful about the new regulatory head and the potential for clearer guidelines, suggesting a possible future U.S. IPO if the regulatory environment improves.
Ripple’s value is currently estimated at an impressive $11 billion, and there are ongoing talks with potential investors. This has left many wondering about the direction Ripple will take in the future.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- CKB PREDICTION. CKB cryptocurrency
- EUR ILS PREDICTION
- USD COP PREDICTION
- HUDI PREDICTION. HUDI cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- REF PREDICTION. REF cryptocurrency
- BICO PREDICTION. BICO cryptocurrency
2024-04-24 14:23