Ripple is one of the most talked-about companies in the cryptocurrency field. The company is known for its cross-border payment solutions and the native token XRP. A former executive of Ripple stirred up a discussion about what the price of XRP could look like if Ripple filed for an IPO.
According to a post on the CryptoBasic X page, former Ripple director Sean McBride shared his thoughts on the valuation of Ripple if the company goes public. In the post, McBride pointed out a recent development that could imply the true market value of Ripple.
He revealed that Ripple has made a buyout offer to acquire 700 million dollars worth of its own company's shares. Each share is priced at 175 dollars, and this move has been communicated directly to Ripple's current shareholders.
McBride then used this buyback to estimate the potential value of Ripple. By multiplying $175 per share by the total number of shares outstanding, he came up with a figure of $30 billion. He further stated that if Ripple filed for an IPO at that valuation, it could be the largest IPO in history.
What is an IPO and why is it important
An IPO, or Initial Public Offering, is when a private company offers its shares to the public for the first time. This is often a significant milestone as it opens the door to more investments and greater scrutiny. When a company goes public, it will be listed on a stock exchange, allowing regular investors to purchase shares and essentially own a part of that company.
For a cryptocurrency company like Ripple, going public means entering a new league. It also has the potential to drive the price of XRP due to increased attention, interest from institutions, and trust from the traditional financial world. The fact that Ripple has enough money to buy back its shares shows strength. But the fact that they are not rushing into an IPO tells us that they are taking a long-term approach.
How does Ripple's IPO compare to the largest IPO in history?
The post on CryptoBasic also notes that if Ripple's valuation is indeed 30 billion dollars, it would place Ripple's IPO ahead of all the largest IPOs ever recorded. By comparison, Saudi Aramco raised about 25.6 billion dollars in its 2019 IPO, currently the largest IPO in history. Alibaba came close to that figure in 2014, raising about 21.76 billion dollars. McBride called the 30 billion dollar figure unrealistic and stated that it would be historic if Ripple went public at that level.
Although this is still just speculation, it shows the significant impact that Ripple's IPO could have on the market and the price of XRP. It could drive investor demand and attract greater attention to Ripple's business activities.
Does Ripple really plan to file for an IPO?
In recent years, there have been many discussions about Ripple going public. Last year, at the height of the legal battle between Ripple and the SEC, McBride predicted that Ripple might submit an IPO application outside the United States in 2025. Others, such as financial expert Linda P. Jones, even suggested that the IPO could take place this year.
But in his latest speech, McBride made it clear that Ripple has no plans to file for an IPO in the near future. The reason is that Ripple has a lot of cash. The company does not need to go public to raise funds right now. Instead, the company is focusing on business development. Recently, Ripple acquired Hidden Road for $1.25 billion and even took steps to acquire the stablecoin issuer Circle, which has raised over $1.14 billion.
What does it all mean for the price of XRP?
Although Ripple is not in a hurry to go public, the fact that this company has the financial strength to make multi-billion dollar acquisitions speaks volumes. If Ripple does go public, especially at a valuation of $30 billion, this could open the door to a new wave of attention for XRP. Investors are likely to speculate a lot about XRP's price increasing further, especially as the link between Ripple's success and the adoption of XRP becomes clearer.
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How Much Could XRP Be Worth If Ripple Files For IPO? Expert's Opinion
Ripple is one of the most talked-about companies in the cryptocurrency field. The company is known for its cross-border payment solutions and the native token XRP. A former executive of Ripple stirred up a discussion about what the price of XRP could look like if Ripple filed for an IPO. According to a post on the CryptoBasic X page, former Ripple director Sean McBride shared his thoughts on the valuation of Ripple if the company goes public. In the post, McBride pointed out a recent development that could imply the true market value of Ripple. He revealed that Ripple has made a buyout offer to acquire 700 million dollars worth of its own company's shares. Each share is priced at 175 dollars, and this move has been communicated directly to Ripple's current shareholders. McBride then used this buyback to estimate the potential value of Ripple. By multiplying $175 per share by the total number of shares outstanding, he came up with a figure of $30 billion. He further stated that if Ripple filed for an IPO at that valuation, it could be the largest IPO in history. What is an IPO and why is it important An IPO, or Initial Public Offering, is when a private company offers its shares to the public for the first time. This is often a significant milestone as it opens the door to more investments and greater scrutiny. When a company goes public, it will be listed on a stock exchange, allowing regular investors to purchase shares and essentially own a part of that company. For a cryptocurrency company like Ripple, going public means entering a new league. It also has the potential to drive the price of XRP due to increased attention, interest from institutions, and trust from the traditional financial world. The fact that Ripple has enough money to buy back its shares shows strength. But the fact that they are not rushing into an IPO tells us that they are taking a long-term approach. How does Ripple's IPO compare to the largest IPO in history? The post on CryptoBasic also notes that if Ripple's valuation is indeed 30 billion dollars, it would place Ripple's IPO ahead of all the largest IPOs ever recorded. By comparison, Saudi Aramco raised about 25.6 billion dollars in its 2019 IPO, currently the largest IPO in history. Alibaba came close to that figure in 2014, raising about 21.76 billion dollars. McBride called the 30 billion dollar figure unrealistic and stated that it would be historic if Ripple went public at that level. Although this is still just speculation, it shows the significant impact that Ripple's IPO could have on the market and the price of XRP. It could drive investor demand and attract greater attention to Ripple's business activities. Does Ripple really plan to file for an IPO? In recent years, there have been many discussions about Ripple going public. Last year, at the height of the legal battle between Ripple and the SEC, McBride predicted that Ripple might submit an IPO application outside the United States in 2025. Others, such as financial expert Linda P. Jones, even suggested that the IPO could take place this year. But in his latest speech, McBride made it clear that Ripple has no plans to file for an IPO in the near future. The reason is that Ripple has a lot of cash. The company does not need to go public to raise funds right now. Instead, the company is focusing on business development. Recently, Ripple acquired Hidden Road for $1.25 billion and even took steps to acquire the stablecoin issuer Circle, which has raised over $1.14 billion. What does it all mean for the price of XRP? Although Ripple is not in a hurry to go public, the fact that this company has the financial strength to make multi-billion dollar acquisitions speaks volumes. If Ripple does go public, especially at a valuation of $30 billion, this could open the door to a new wave of attention for XRP. Investors are likely to speculate a lot about XRP's price increasing further, especially as the link between Ripple's success and the adoption of XRP becomes clearer.