Rumors about Ripple's potential IPO are once again gaining traction after predictions made by lawyer John Deaton. Despite the company's assertions that an IPO is not planned for 2025, several recent steps may indicate readiness to go public.
John Deaton's Predictions About Ripple
Lawyer John Deaton made several predictions about Ripple's future after CEO Brad Garlinghouse spoke. He noted that while Ripple does not need to raise capital, the timing of an IPO remains significant. According to him, if Circle can achieve a market capitalization between $62 billion and $75 billion, then Ripple, holding nearly 40 billion XRP, could potentially be valued even higher.
Ripple's Strategic Steps Towards an IPO
Despite statements from Ripple's management that an IPO is not planned for 2025, recent actions suggest possible readiness for a public offering. Specifically, Ripple launched a $700 million share buyback program, which is a typical sign of preparation for an IPO. Additionally, the company made two significant acquisitions: a deal to purchase crypto broker Hidden Road for $1.25 billion and a $250 million buyout of custody platform Metaco.
Institutional Interest in XRP and Future Prospects
Despite XRP's stable price, institutional interest is clearly rising. Energy firm VivoPower, a publicly traded company, recently invested $121 million in XRP for its treasury and partnered with the Flare blockchain to earn returns on those holdings. Such moves indicate that major institutions are quietly betting on XRP's long-term potential and see Ripple as a key player in the global financial system.
Given the complexities that previously arose from the SEC lawsuit, the prospects for Ripple's public listing appear clearer now. As noted by Deaton, while Ripple may not rush to enter the public markets, when it eventually does, it could do so with a headline-making valuation that captures the investment community's attention.
