Ripple’s IPO Prospects Are Back in Focus

Ripple, a leading blockchain company, is again in the spotlight because of talks about its initial public offering (IPO) resurfacing.

Ripple’s IPO prospects are back in the spotlight as SBI Holdings CEO Yoshitaka Kitao urges the company to prepare for going public after resolving its SEC legal battle.

While Ripple CEO Brad Garlinghouse acknowledges the possibility, he stresses that an IPO is not a current priority due to the company’s strong financial standing.

🔎 Breaking down the latest on Ripple's IPO prospects

Ripple, a leading blockchain company, is once again in the news as talks of its initial public offering (IPO) have resurfaced. Yoshitaka Kitao, CEO of SBI Holdings, recently urged Ripple to prepare for an IPO once its legal dispute with the U.S. Securities and Exchange Commission (SEC) concludes.

The SEC lawsuit, filed in 2020, alleges that Ripple conducted an unregistered securities offering by selling its XRP token. While Ripple achieved a partial legal victory in 2023, the SEC's recent appeal in October has kept the case in the spotlight. However, legal analysts believe the appeal could be dropped, especially with potential leadership changes at the SEC, clearing the path for Ripple to explore an IPO.

Ripple CEO on the possibility of a public listing

Previously, Ripple CEO Brad Garlinghouse has acknowledged the possibility of going public but noted that it is not a top priority for the company.

With a strong financial position, Ripple does not urgently require an IPO for funding. However, Garlinghouse has also expressed interest in revisiting IPO plans once the regulatory issues are resolved, as he had previously envisioned Ripple going public in 2020 before the SEC case disrupted those plans.

If pursued, an IPO by Ripple would mark a significant event in the blockchain industry. It could substantially increase Ripple's valuation and solidify its position as a global leader in blockchain solutions. The resolution of the SEC case would also provide much-needed regulatory clarity and pave the way for Ripple to focus on expansion and innovation.

For now, Ripple is proceeding with caution, and the possibility of an IPO is not ruled out.

At the time of writing, XRP was trading at $1.0331. On Nov. 16, the price spiked to as high as $1.2698, a level not seen since November 2021.