The Ripple Initial Public Offering (IPO) rumors proceed to wax stronger as many count on that the occasion will push the XRP value upward. Back then, it was principally simply rumors and hypothesis, however the XRP group has gotten their palms on a Ripple job itemizing that implies there is perhaps some reality to the IPO rumors.
Ripple Is Looking For A Shareholder Communications Manager
In an inventory that was shared by a number of influencers within the XRP community, Ripple seems to be on the hunt for a Shareholder Communications Senior Manager. Now, in accordance with the job itemizing necessities, whoever is accepted for this function might be anticipated to mainly work with a number of groups at Ripple and preserve communications between ‘prospective shareholders and investors.’
Also, the person might be “managing a shareholder database/mailing list 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.
Source: X
Some of the job descriptions additionally coincide with issues and occasions that are inclined 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 Manager. This is an occasion that’s completed by publicly traded firms.
The expectations of a Ripple IPO go way back to 2020 when its Chief Executive Officer (CEO) Brad Garlinghouse first talked about initial public offerings in crypto. Back then, Garlinghouse had stated that “you’ll see initial public offerings in the crypto/blockchain space” within the subsequent 12 months. He wasn’t far off as Coinbase would become the first crypto exchange to go public the following yr on April 14, 2021.
What Happens To XRP Price Is There Is An IPO?
The influence of a possible Ripple IPO on the XRP value has been mentioned at size, particularly within the second half of this yr. One of the very first mentions of this was by monetary skilled Linda Jones who talked at length about how helpful Ripple can be if there have been an IPO.
Using 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 skilled defined that Ripple’s valuation can be so much larger. Eventually, she arrived at a $107 billion valuation which might imply Ripple inventory would commerce at a value of $600. Using 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 succeed in as excessive as $35 if Ripple had been to endure such a scenario.
While there isn’t a 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 | Source: XRPUSD on Tradingview.com
Featured picture from Analytics Insight, chart from Tradingview.com
