Ripple Is Headed for an IPO: 3 Hints That Prove It

The cryptocurrency giant Ripple seems to be hinting at the possibility of an Initial Public Offering (IPO). A well-known XRP influencer, Lewis Jackson, has been closely examining these hints, and all signs point to Ripple considering an IPO.

Recently, Lewis Jackson, a prominent figure in the XRP community, has suggested that Ripple might have quietly revealed its plans for an IPO on its website. Surprisingly, not many people have picked up on these hints.

Is An IPO Coming?

Lewis Jackson has pointed out that companies usually follow specific steps, including mergers and acquisitions (M&A), before going public with an IPO. He emphasized Ripple’s recent involvement in M&A activities, particularly the acquisition of Metaco, which occurred about five months ago.

He also highlighted a failed attempt to acquire Fortress Trust. While these activities don’t guarantee an IPO, they are often precursors to one.

Read More: Ripple Swell Event 2023: Here’s What To Expect On November 8th and 9th

Hiring Patterns as Evidence

To bolster his argument, Jackson looked at Ripple’s hiring patterns. He noticed roles related to corporate development, engineering, finance, and shareholder communication.

Currently, Ripple’s careers page is advertising positions like Director of Corporate Development and Manager of Corporate Development. According to Jackson, this reflects Ripple’s commitment to strategic growth, which includes M&A and partnerships.

Furthermore, the company’s recruitment of engineers indicates its dedication to enhancing its technical infrastructure. While this may not directly indicate an IPO, it shows Ripple’s ongoing efforts to expand and strengthen its operations.

Finance Roles and Location Preferences

Jackson also observed Ripple’s job listings for various finance roles, including a Director of International Tax and a Financial Risk Director. These finance positions are essential for auditing financial data and preparing for public disclosure, a significant part of the IPO process.

It’s interesting to note that Ripple seems to prefer hiring directors and managers in specific locations, primarily at its headquarters in San Francisco, as well as major cities like New York City and London.

While Jackson didn’t explicitly connect these job postings to the potential location of Ripple’s IPO, he did point out that over 10% of these positions are within the United States. This has led to speculation that the New York Stock Exchange (NYSE) might be Ripple’s top choice for its IPO, with London and Dubai as potential backup options.

Legal Challenges Haven’t Ended Yet

When considering Ripple’s IPO readiness, it’s essential to keep in mind the company’s ongoing legal battle with the U.S. regulator. Recent legal victories, including the dismissal of charges against Ripple’s executives, suggest that this legal ordeal may be drawing to a close.

Also Read: XRP Fans, Get Ready! Ripple’s Legal Wins Make Way for 2024 IPO

These legal developments are reducing the hurdles in the way of Ripple’s potential IPO, making it a more realistic possibility in the near future.