The Ripple Initial Public Offering (IPO) rumors proceed to wax stronger as many anticipate that the occasion will push the XRP value upward. Again then, it was largely simply rumors and hypothesis, however the XRP group has gotten their palms on a Ripple job itemizing that means there could be some fact to the IPO rumors.
Ripple Is Wanting For A Shareholder Communications Supervisor
In a list that was shared by a number of influencers within the XRP community, Ripple appears to be like to be on the hunt for a Shareholder Communications Senior Supervisor. Now, in accordance with the job itemizing necessities, whoever is accepted for this position shall be anticipated to principally work with a number of groups at Ripple and keep communications between ‘potential shareholders and traders.’
Additionally, the person shall be “managing a shareholder database/mailing checklist and investor/analyst communication database.” Given this description, many in the neighborhood have taken it as an indication that Ripple is hiring in preparation for a possible IPO.
Supply: X
A number of the job descriptions additionally coincide with issues and occasions that are likely to happen in firms which have undergone the IPO course of. One instance identified on this Bitcoinist report is the Annual Analyst Day anticipated to the carried out by the Shareholder Communications Senior Supervisor. That is an occasion that’s achieved by publicly traded firms.
The expectations of a Ripple IPO go way back to 2020 when its Chief Government Officer (CEO) Brad Garlinghouse first talked about initial public offerings in crypto. Again then, Garlinghouse had stated that “you’ll see preliminary public choices within the crypto/blockchain area” within the subsequent 12 months. He wasn’t far off as Coinbase would become the first crypto exchange to go public the subsequent yr on April 14, 2021.
What Occurs To XRP Value Is There Is An IPO?
The impression of a possible Ripple IPO on the XRP value has been mentioned at size, particularly within the second half of this yr. One of many very first mentions of this was by monetary professional Linda Jones who talked at length about how worthwhile Ripple can be if there have been an IPO.
Utilizing the XRP market cap, Jones defined that at $35 a share, Ripple can be valued at $5.7 billion which is far decrease than XRP’s $21 billion valuation. So the monetary professional defined that Ripple’s valuation can be loads larger. Ultimately, she arrived at a $107 billion valuation which might imply Ripple inventory would commerce at a value of $600. Utilizing XRP’s correlation to Ripple’s growth, this might simply see the XRP price surge above $100.
Crypto influencer Ben Armstrong aka BitBoy additionally shared his ideas on what would occur to the XRP value within the occasion of an IPO. The influencer stated again in July that he expects the XRP value to achieve as excessive as $35 if Ripple have been to endure such a scenario.
Whereas there isn’t any affirmation from Ripple on this information, the consensus stays that such a transfer can be bullish for the XRP value.
XRP briefly recovers above $0.5 | Supply: XRPUSD on Tradingview.com
Featured picture from Analytics Perception, chart from Tradingview.com