$BTC ➤ What’s Happening?
Ripple, the company behind the XRP token, may be planning an Initial Public Offering (IPO), which would involve selling shares on the stock market. A popular crypto account on X, Pentoshi, predicts this IPO will have an "insanely high" valuation. This speculation arose after Circle's successful IPO, which saw a major price surge on its first day.
➤ Why Now?
Ripple’s CEO, Brad Garlinghouse, has previously mentioned the possibility of going public in late 2025 or early 2026. However, Ripple had delayed its IPO plans before due to its ongoing legal battle with the U.S. SEC. With Circle’s IPO success, Ripple might now be inspired to follow suit.
➤ What’s the Issue?
Pentoshi believes Ripple’s IPO valuation could be inflated, much like Circle’s, where investors might have overpaid. Ripple’s current valuation stands at around $11.3 billion, while its token, XRP, has a market cap of $132.68 billion. This creates confusion, as Ripple and XRP are separate entities despite being linked.
➤ What Are People Saying?
The post has gained a lot of attention, with some users commenting:
The IPO won’t affect XRP’s price
Ripple is just copying Circle’s strategy
The IPO might be more of a headline than a substantial change
One comment noted:
“The IPO may sound exciting, but unless Ripple resolves its SEC issues, XRP won’t see much movement.”
➤ What’s Next?
Ripple has yet to make any official announcement. However, a trend is emerging: after Circle, Gemini exchange is also preparing to go public, having filed documents with the SEC on June 6. Ripple could be the next big name to follow.