Ripple CEO Brad Carlinghouse could not have chosen a better stage than the World Economic Forum in Davos. He also dropped in an interview there that FinTech was planning an IPO in the next 12 months. After the company has successfully completed a Series C financing round, an IPO is the next logical step.
Ripple takes the plunge
In addition to the elite from politics and business, the World Economic Forum (WEF) has also brought together greats from the crypto industry under one roof. Brad Garlinghouse, CEO of Ripple, and Asheesh Birla, Senior Vice President for Product Management at Ripple, gave insights into future FinTech projects.
During a two hour interview with the Wall Street Journal Garlinghouse announced a possible IPO (Initial Public Offering) of the company later this year. Since there was no transmission of the conversation, the message via Twitter started. Asheesh Birla has an insightful quote from Garlinghouse posted:
In the next 12 months you will see IPOs in the crypto / blockchain area. We will not be the first or the last, but I expect that we will be at the top … it is a natural development for our company.
An IPO is likely to flush new money into Ripple’s coffers. Investors invest money in the company through an IPO. This allows them to bet on the value of Ripple as a listed company. With the new capital, Ripple could also further expand and expand On Demand Liquidity (ODL) technology fill pre-financed liquidity accounts,
In addition, the XRP token could also benefit from the IPO in the long term. Potential investors may also be interested in investing in the XRP tokens in the future.
Ultimately, the IPO would also be the next step after the company acquired $ 200 million from the last Series C financing round in mid-December last year. Series C funding is usually the last step before a company goes public.
–
–
–
