This week, Brad Garlinghouse — chief executive of Ripple Labs in San Francisco — made a massive announcement at a Wall Street Journal event in Davos, Switzerland at the World Economic Forum.
At that event, he told a crowd that he expects there to be “initial public offerings in crypto/blockchain space” over the next 12 months. Garlinghouse added that Ripple may get its beak wet, so to speak:
“We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”
In other words, the industry executive wants to bring Ripple public as he believes it is a “natural evolution” for his company. Indeed, the company last year was valued at $10 billion in a $200 million round, making it one of the most valuable private startups in the U.S. and, notably, more valuable than WeWork per its latest funding round.
But, not everyone sure an IPO for Ripple is going to happen anytime soon. Here’s why.
Will Ripple IPO On Time?
Of course, Garlinghouse’s reveal that an IPO is coming quickly elicited a massive response from the crypto community. Some were positive, some were negative, and some were neutral. Read More...