Ripple Labs, the entity behind the XRP cryptocurrency, has not yet initiated the process for an initial public offering (IPO). However, back in 2022, Ripple’s CEO, Brad Garlinghouse, indicated to CNBC that the company would consider the possibility of an IPO once its legal battle with the Securities and Exchange Commission concluded. Ripple’s recent legal triumph against the SEC marks a pivotal moment, allowing the company to restore its previous stability and explore fresh opportunities to improve its renowned international payment system. Adding to this success is the partnership with Mastercard. Despite a recent downturn in the cryptocurrency market, Ripple’s native token, XRP, has attracted favorable interest. Wall Street expert Linda Jones is optimistic about Ripple (XRP) and suggests buying shares at $40 before a potential IPO. Jones contends that acquiring Ripple stocks now, priced at roughly $40, before the anticipated Initial Public Offering (IPO), is a wise decision. Despite the current stock price, Jones advises investors to focus on the broader picture and assess Ripple’s intrinsic worth, which she approximates to be around $6.6 billion. Jones claims that Ripple has substantial growth potential in the forthcoming years compared to Coinbase, a cryptocurrency exchange based in the United States, which entered the public market with an astounding valuation of $86 billion. Given that Ripple’s current valuation is at least one-tenth of Coinbase’s, Jones proposes that individuals who purchase Ripple shares today could see their initial investment increase by more than ten times. What adds intrigue to this situation is Ripple’s unique accounting practice. At present, Ripple doesn’t assign any value to its XRP assets on its balance sheet. On this matter, Jones argues that if Ripple were to assign a value to its XRP holdings at the current price of $0.5 or based on its previous high of approximately $3.84, the growth potential would be substantial. Ripple Labs has not yet initiated the process for an IPO, but the company has engaged with potential investors to gauge their interest in a potential public listing. Many experts speculate that the Ripple IPO could significantly influence the value of the XRP cryptocurrency itself. It is important to note that investing in stocks always carries a level of risk, and past performance doesn’t necessarily predict future outcomes.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	positive
Relevance Score	8
People	Linda Jones, Brad Garlinghouse
Companies	Mastercard, Securities and Exchange Commission, Coinbase, Ripple Labs, FINRA
Currencies	mastercard, FIRA, Ethereum, XRP, Bitcoin
Securities	None