The recently concluded Ripple Swell conference in Dubai did not bring the expected announcement of an initial public offering (IPO) of Ripple, leading to disappointment in the XRP market. Despite this lack of news, rumors of a possible IPO continue to circulate. Crypto influencer Eri emphasized the importance of caution and a detailed approach when discussing Ripple’s potential for an IPO, given current market conditions and the uncertainty surrounding the company.
Caution required for Ripple IPO
Different emphasized the importance of careful analysis in discussions about a possible Ripple IPO. She recommended comparing Ripple with similar companies, such as Nium Global, a partner of Ripple, which has postponed its IPO until 2025 and launched an exchange rate locking service. She also pointed to Tranglo’s delayed IPO, which led to financial loss.
Eri further made a comparison with Nubank, whose share price fell despite support from major investors. This illustrates the market’s reluctance towards new IPOs. “No wonder investors aren’t excited about IPOs. The largest IPOs of 2021 have lost 60% of their value,” she noted. This indicates that an IPO might not mean all positive news for Ripple and XRP investors. For an accurate business valuation, she emphasized the importance of taking into account aspects such as cash balance, debts and value of assets.
Concerns about Ripple’s IPO in light of SEC conflict
Yassin Mobarak, the founder of Dizer Capital, has also expressed concern about the future of Ripple’s IPO, given its ongoing conflict with the SEC. He referenced a conversation with Ripple CEO Brad Garlinghouse, who stated that an IPO is unlikely while the company is still in a legal battle with the SEC. Garlinghouse did raise the possibility of an IPO outside the United States, but without giving a specific timeline.
These statements, coupled with current market conditions, underscore the complexity and uncertainty surrounding Ripple’s IPO plans. This suggests that expectations of an early IPO may be premature and several factors need to be taken into account.
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2023-11-10 11:10:59
#Ripples #IPO #Tension #Rises #Swell #Conference
