Ripple, the blockchain technology company behind the XRP cryptocurrency, has been the subject of much speculation regarding a potential Initial Public Offering (IPO). Wall Street financial expert Linda Jones has recently offered her insights into the expected timeline and factors influencing Ripple’s decision to go public.
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’ Forecast on Ripple’s IPO Timeline
According to Jones, Ripple is likely to go public in either May 2024 or 2025. She believes that the company is currently focused on expanding its global reach and establishing itself as a leader in the blockchain industry before going public.
“If everything – the stars, the Sun, and the Moon – lined up and they wanted to go public, that might be my first target date [May 2024],” Jones remarked. However, she emphasized that the timeline is contingent on various factors, including the anticipated stock market boom, aligning perfectly.
Factors Influencing Ripple’s IPO Decision
Jones identified several factors that could influence Ripple’s decision to go public, including the overall market conditions, the regulatory landscape for cryptocurrencies, and the company’s financial performance.
“The market has to be receptive to IPOs, and the regulatory environment has to be clear,” Jones stated. She also noted that Ripple’s financial performance will play a significant role in determining the valuation of the company when it goes public.
Jones’ Back-of-the-Envelope Valuation for Ripple
In addition to providing insights into the timeline and factors influencing Ripple’s IPO, Jones also offered a back-of-the-envelope valuation for the company’s stock.
“I think the stock could be worth anywhere from $10 to $50 per share,” Jones estimated. However, she emphasized that this is just a preliminary estimate and that the actual valuation will depend on a variety of factors.
Potential Acquisition Targets for Ripple
Jones also discussed the possibility of Ripple being acquired by a larger company. She believes that Ripple’s technology and expertise could be attractive to a variety of potential acquirers.
“I think there are a lot of companies that would be interested in acquiring Ripple,” Jones stated. She named several potential acquirers, including IBM, Microsoft, and Oracle.
Overall Outlook for Ripple
Overall, Jones is bullish on Ripple’s future prospects. She believes that the company is well-positioned to capitalize on the growing demand for blockchain technology.
“I think Ripple is a very promising company with a lot of potential,” Jones concluded. “I’m excited to see what the future holds for them.”
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