Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Wall Street financial expert Linda Jones recently offered a detailed forecast regarding the potential Initial Public Offering (IPO) of Ripple. Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones outlined her insights into the expected timeline and factors influencing Ripple’s decision to go public. Jones stated via X, \u201cHere is my interview with Linqto today. We talked about when Ripple might go public, my back of the envelope calculation for what the stock might be worth and potential acquisition targets.\u201d Ripple IPO In May 2024? Despite Ripple’s apparent lack of immediate need for IPO-related funds, Jones suggested that investor pressure might compel the company’s executives towards this path. She elaborated, \u201cWell like I said, Ripple was founded in 2012, and I think their investors want the exit and Brad [Garlinghouse] will get pressure to do that even though they don’t need the money from the IPO.\u201d Related Reading: Ripple Introduces AMMs To XRPL, But Is This Good Or Bad For XRP Price Her forecast hinges on a broader economic outlook, predicting a bull market spurred by decreasing inflation and interest rates, thereby creating a conducive environment for public offerings. \u201cI do think we will go into this incredible bull market that will happen from the drop of inflation and interest rates that will lead to a very strong rise in stocks that will allow the IPO market to get very hot next year,\u201d Jones added. Jones pinpointed mid-May 2024, specifically around May 15, as the ideal window for Ripple’s IPO, contingent on favorable market conditions and company readiness. \u201cI think there is an opportunity if Ripple wants to go public next year that mid-May would be an ideal time, right around May 15 would be an ideal time – that’s my first target that they might go public if everything \u2013 the stars, the Sun, and the Moon \u2013 lined up, and they wanted to go public,\u201d she explained. Related Reading: Ripple Vs. SEC: Epic Battle Unfolds Over $770M Disgorgement Demand However, she also cautioned about the uncertainty of this timeline, indicating that if Ripple misses this window, the next viable opportunity might not arise until 2025. \u201cIf it doesn\u2019t happen, then I think it probably won’t happen until 2025,\u201d Jones remarked. One Roadblock Remains To Be Removed Further complicating Ripple’s path to an IPO is the ongoing legal conflict with the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has acknowledged this challenge, noting that SEC approval for Ripple\u2019s Form S-1 Registration Statement is necessary for an IPO. As long as the legal battle persists, this approval remains uncertain. At press time, the XRP price traded at $0.6165 after dropping below the 0.382 Fibonacci retracement level. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":561140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,89671,89927,3685,13172,10972],"class_list":["post-561137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-ipo","tag-ripple-ipo-news","tag-ripple-labs","tag-xrp-price","tag-xrpusd"],"acf":[],"yoast_head":"\n
Wall Street Expert Predicts Ripple IPO Date<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n