Ripple Exploring IPO As SEC Lawsuit Nears Its End?

Ripple News: The crucial legal between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is expecting to receive a Summary Judgement from the District court. Sure of bagging a win, Ripple reportedly hosted a private session with several major investors expecting a verdict in the XRP lawsuit by the end of this year.

Also Read: Ripple Exec Marks This Crypto Hearing “Crucial” Ahead Of Hinman Doc Release

Eleanor Terrett, a Fox Business Journalist reported that Ripple organized a private road show in April 2023. It is being suggested as a marketing event where a firm and its underwriters engage with several potential investors to seek the possibility of an Initial public offering (IPO). She added that the event was attended by top institutional investment firms on the Street.

She mentioned that this meeting doesn’t suggests that Ripple will go public in a few months from now. A company requires at least 6 months to go in for an IPO. However, the recent investor meeting hints that the blockchain firm is planning for something big ahead. Read More XRP News Here…

XRP Lawsuit End Soon?

Back in May 2022, Ripple CEO, Brad Garlinghouse during the World Economic Forum in Davos reportedly said that the company will explore the possibility of an IPO once the legal battle with the US SEC comes to an end. However, he expected that the commission won’t slow down the process to gain regulatory clarity.

The recent developments in the XRP lawsuit have turned out to be positive for the defendants. The court recently declined SEC’s motion to seal the Hinman speech linked documents and order to make them public.

Also Read: Coinbase Derivatives Exchange To Launch BTC, ETH Futures On June 5

XRP price has rejoiced with the positive updates coming out of the SEC lawsuit. XRP price registered a surge of more than 37% in the last 30 days. It is trading at an average price of $0.51, at the press time.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.