According to CEO Brad Garlinghouse, Ripple may go public once the SEC lawsuit is settled. He reportedly explained that the likelihood of this happening “is very high at some point.”
- Ripple CEO Brad Garlinghouse was asked at the 2021 consensus conference on Wednesday whether Ripple would become a public company. He replied that the probability is “very high at some point.”
- Garlinghouse insisted that any initial public offering (IPO) plan would have to wait until Ripple resolved its lawsuit with the US Securities and Exchange Commission (SEC). He further explained that the securities regulator would be the one to approve Ripple’s public offering.
- This was not the first time the media had reported about Ripple going public. On an earnings call last month, the CEO of SBI Holdings, one of Ripple’s largest external shareholders, said Ripple planned to go public after the lawsuit was resolved. SBI CEO Yoshitaka Kitao reportedly said: “After the current lawsuit, Ripple will go public. The current CEO wants to do it. Chris wants to do it.”
- The SEC filed a lawsuit in December last year against Ripple Labs, Garlinghouse and co-founder Christian Larsen, alleging that Xrp There was an offer of unregistered securities of $ 1.3 billion. Ripple argued that Xrp The token is a commodity and therefore does not come under the purview of the SEC.
What do you think about Ripple going public after the SEC lawsuit is resolved? Let us know in the comments section below.
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