XRP’s legal battles don’t matter? When will Ripple labs go public?
Post Coinbase’s ‘successful’ listing, industry experts seem to be guessing the next crypto player to go public – from Kraken to Ripple Labs, the rumor mill is abuzz. Yoshitaka Kitao, founder and CEO of SBI, recently unveiled that Ripple was planning to go public, post the SEC lawsuit. During his firm’s earnings call, Kitao emphasized the vision of Ripple’s co-founder, Chris Larsen. He stated,
“After the current lawsuit, Ripple will go public… Chris wants the company to move in the same direction.”
Last year, in the World Economic Forum, Ripple’s CEO, Brad Garlinghouse, was quite optimistic about IPOs in the blockchain and crypto space. He had asserted,
“We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”
Garlinghouse also underlined that he expected their company to go public by the beginning of this year. Things are, of course, not going as per Garlinghouse’s plan thanks to the ongoing SEC lawsuit.
SBI, Ripple’s biggest partners, had recently announced to offer its shareholders the option to receive XRP as a benefit for the second year in a row. Ever since its tie-up with Ripple, SBI has been a steadfast XRP supporter.
Kitao also emphasised that the current lawsuit in the United States wouldn’t affect Ripple’s dealings globally. However, at this juncture, it would be interesting to see whether or not new regulatory framework in the US, would favour the financial ecosystem or not.
Going public, for Ripple, would mean diversifying itself and expanding its operations and revenue streams. With an amalgamation of both organic and inorganic growth, Ripple could compound its enhancement rate, and the listing, which has been on the cards for quite some time now, would merely be the icing on its cake.
OhNoCrypto
via https://www.ohnocrypto.com
Lavina Daryanani, @KhareemSudlow