In a surprising twist, renowned financial analyst Linda Jones has suggested that Ripple, the blockchain payment firm, should seize the opportunity to conduct its long-awaited initial public offering (IPO) when the price of its native cryptocurrency XRP is at a low point. Jones argues that this strategic move would prevent an artificially inflated market capitalization and ensure a favorable debut for Ripple as a publicly traded company.
I've thought about it and concluded that it makes sense to have an IPO when XRP is low-priced. When XRP is worth more, it will make the market cap too high, so the sooner after the lawsuit is over the better. https://t.co/mq37f3jbJC
— Linda P. Jones (@LindaPJones) June 1, 2023
Public Triumphs Over Private
Jones, a seasoned expert in the crypto realm, shared her insights during a lively conversation with Mark Phillips, a former U.S. Air Force veteran. When Phillips inquired about the advantages of Ripple going public, Jones eagerly explained that being a publicly traded company would allow Ripple to attract new institutional customers more effectively. Furthermore, the transparency and regulatory oversight associated with being publicly listed could provide Ripple with a competitive edge in the ever-evolving cryptocurrency landscape.
Expanding on her analysis, Jones pointed to several compelling reasons why Ripple’s IPO could be just around the corner. Notably, she highlighted a private roadshow meeting held by Ripple in April 2023, where the company actively engaged with industry analysts, seeking their valuable insights. This sign of preparation and collaboration demonstrates Ripple’s commitment to making a splash in the IPO market.
Good analysis! Reasons why I think it will IPO sooner:
1) Private road show meeting with analysts April '23
2) Only companies that don't need cash can IPO in a bad IPO market (#Ripple with $1B cash is one that can)
3) Momentum – the end of lawsuit will create strong demand#XRP https://t.co/0YWqFOT4FF— Linda P. Jones (@LindaPJones) June 1, 2023
Ripple’s Reserve and Resilence
What sets Ripple apart, according to Jones, is its substantial cash reserves amounting to a staggering $1 billion. This financial fortitude puts the company in a prime position to brave the challenging IPO market, paving the way for a successful public debut.
Jones further emphasized the potential windfall Ripple could enjoy with the resolution of its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). A favorable outcome in this lawsuit could ignite a surge in demand for Ripple’s IPO, generating significant momentum for the company.
Intriguingly, Jones used her expertise to theorize that Ripple’s valuation could skyrocket by over twentyfold, reaching an astonishing $600 per share. Such a phenomenal growth trajectory would undoubtedly captivate investors’ attention and catapult Ripple into the spotlight.
Considering the strategic insights provided by Jones, it appears that Ripple may be contemplating a well-timed IPO, capitalizing on the lower XRP price point, mitigating market cap risks, and leveraging the anticipated resolution of its legal woes. The stage is set for Ripple’s grand entrance into the public markets, and all eyes are eagerly waiting to see when this crypto giant will make its move. Are you ready for it?
Source: https://coinpedia.org/news/the-best-time-for-ripples-ipo-when-xrps-price-is-low/