Attorney and XRP advocate John Deaton has commented on the IPO prospects for Ripple, emphasizing the importance of timing and market conditions.
John Deaton's Commentary on Ripple
Deaton commented on the potential for Ripple to go public, noting that the company is not rushing to enter public markets. He drew comparisons between Ripple and Circle, suggesting Ripple could achieve a valuation of up to $100 billion under favorable market conditions. Key figures include nearly 40 billion XRP, indicating the company's ability to support a high valuation.
Community Views on Ripple's IPO Potential
Several users on X expressed varying opinions on the potential IPO. One noted that after resolving legal issues, Ripple might consider going public for reputation and strategic clarity. Another user pointed out the possibility of token sales contributing to funding, impacting the decision on the need for an IPO.
Governance Concerns and Institutional Influence
Some participants expressed concerns about the implications of Ripple going public. One opinion highlighted that an IPO could invite institutional influence, potentially reducing the company's independence. There were suggestions that Ripple should remain private to avoid external pressure.
The discussion around Ripple's IPO underscores critical aspects of timing, strategy, and the potential consequences for a company that, while not rushing to public markets, is still evaluating the effects of such a decision.
