Ripple To Announce IPO at Ripple Party?
Ripple Labs will be hosting a Ripple Party on September 29th, 2023 to celebrate its victory over SEC in the Ripple vs SEC case. The celebration will take place in New York City.
Ripple is expected to make major announcements during the events. Some rumors suggest that Ripple could announce the launch of its IPO while some rumours suggest that Ripple could announce a settlement with US SEC.
The reason behind the speculation of the Ripple IPO announcement lies in the Ripple CEO Brad Garlinghouse’s statement who had in the past said that the company is considering an IPO once its legal troubles are resolved. However, there has been no official confirmation from the company.
Here are a few arguments against the announcement of Ripple IPO during the upcoming Ripple Party. Firstly, the company has not yet filed for an IPO. This process can take several months, so it is unlikely that Ripple will be able to complete an IPO before the end of September.
Secondly, Ripple is still facing a lawsuit from the SEC. While Ripple won a partial victory in the case, the SEC is appealing the ruling. This means that the legal battle could drag on for several more months or even years.
Finally, Ripple has said that it is focused on building out its business and expanding its customer base. An IPO could be a distraction from these efforts.
Nonetheless, factors such as Ripple CEO Brad Garlinghouse’s previous statements, the Ripple Party being an ideal occasion to unveil an IPO to a vast audience of potential investors, and the potential for an IPO to provide Ripple with fresh capital for expanding its business have fueled speculation that Ripple might announce an IPO during the upcoming Ripple party.
In conclusion, even if Ripple does not announce a Ripple IPO in the upcoming Ripple party event, Ripple could make some announcements about its future plans.