Wall Street Financial Analyst Pinpoints Specific Calendar Date for Ripple IPO

Wall Street financial expert Linda Jones has given specific calendar dates for the XRP and the broader crypto community to expect a Ripple IPO.

The timeline marks the potential transition of Ripple into a publicly traded company through an Initial Public Offering (IPO). Jones shared insights into the possible dates for Ripple IPO in a recent Fireside chat with the pre-IPO investment platform Linqto.

Here is my interview with Linqto today. We talked about when Ripple might go public, my back of the envelope calculation for what the stock might be worth and potential acquisition targets. #xrp #xrparmy #ripple #Uphold #linqto @linqto #polysign #preipo #privateequity…

— Linda P. Jones (@LindaPJones) November 17, 2023

According to Jones, Ripple may not necessarily require funds from an IPO. However, she noted that Ripple’s executives might be pressured to conduct the IPO as investors might seek such a route to exit.

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Furthermore, the expert contended that despite Ripple not needing funds from an IPO, a confluence of factors, including a predicted bull market resulting from decreased inflation and interest rates, could create an opportune moment for companies to go public. 

In this context, Jones expressed her belief in a robust IPO market next year. She noted it opens a window for companies to capitalize on the projected favorable market conditions.

Ripple IPO in May 2024 or 2025

Based on the anticipated boom in the IPO market by 2024, the financial expert argued that May 2024, specifically May 15, would be the ideal time for Ripple to go public. 

“I think there’s an opportunity if Ripple wants to go public next year, that mid-May would be an ideal time, right around May 15,” Jones remarked. 

She noted the date to be the first target to look for Ripple’s IPO. However, the Wall Street expert emphasized that the timeline is contingent on various factors, including the anticipated stock market boom, aligning perfectly.

Meanwhile, Jones highlighted that where Ripple fails to make the IPO in May, there may be no other dates for a 2024 IPO. Specifically, she argued that Ripple would not conduct an IPO until 2025. In her words:

“If everything – the stars, the Sun, and the Moon – lined up and they wanted to go public, that might be my first target date [May 2024]. If it doesn’t happen, then I think it probably wouldn’t happen until 2025.”

No IPO While Legal Battle Subsists

Notably, Ripple CEO Brad Garlinghouse has recently commented on Ripple’s anticipated IPO timeline. Garlinghouse stated that Ripple cannot go public amid the legal battle with the U.S. regulator. 

Specifically, Garlinghouse noted that approval from the SEC for Ripple’s Form S-1 Registration Statement is a prerequisite for an IPO, and this approval is unlikely to occur as long as the legal conflict persists.