Ripple CEO Brad Garlinghouse, in an interview with the Wall Street Journal at Davos 2020, pretty much-confirmed his intentions to take the company public. The effects of Ripple could be catastrophic as an investment.
Ripple Chief Talks of IPO
As indicated by the reports in Ripple-centric media as well as tweets from the company executive, Brad Garlinghouse has digitally confirmed that an IPO is on the cards for the FinTech firm.
There was nothing on his feed, but the SVP of the Product Asheesh Birla tweeted this earlier –
“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.”
Floating on the stock market is something that would give investors the other way into the firm with no volatility as well as regulatory restrictions of cryptocurrency. So what does it actually mean for the future of Ripple as an investment?
Ripple (XRP) aficionados were of the positive opinion that it would be bullish for the firm as well as for their tokens.
In any case, the wider cryptocurrency community has been talking its mind as usual and, different from that loyal Ripple Army, a lot of are of a similar opinion. Popular cryptocurrency trader, Anondran, had this to say –
“WTF. $XRP is planning to do an IPO??? As if printing worthless coins, pumping it and making billions of dollars wasn’t enough? Send this shitcoin to absolute depth of hell.”
Cantering Clar, the fellow trader let fly with this –
“Oh, uh guys, yeah we are actually going to IPO now, and offer shares that carry equity…so,…uh…about those coins. (Obsolete)”
A crypto firm’s tokens, based in San Francisco, have usually been considered unregistered securities as well as subject to future crackdowns from the US regulators. The firm is still sealed in a court case attempting to establish the status of Ripple but no verdict has arrived by far.