Ripple, the blockchain-based digital payment network, appears to be laying the groundwork for an Initial Public Offering (IPO), according to analyst Lewis Jackson.
In a comprehensive analysis, Jackson points to Ripple’s recent hiring spree, strategic acquisitions, and navigations through regulatory landscapes as clear signs of the company’s preparation to enter the public market.
Strategic Moves Pointing to Ripple’s IPO Plans
Lewis Jackson, a voice in the crypto analysis sphere, has outlined a series of strategic maneuvers by Ripple that hint at its preparations for an IPO.
He cites Ripple’s aggressive approach in mergers and acquisitions, including the purchase of crypto infrastructure firm Metaco and discussions with investment company Fortress. This surge in corporate activity is seen as a prelude to going public.
Ripple’s recent job listings for high-level strategic roles, such as director and manager of corporate development, are also telltale signs of its IPO-ready posture. These roles are crucial for orchestrating mergers, acquisitions, and partnerships, all of which are vital for a company looking to solidify its market presence before an IPO.
Furthermore, Jackson has observed Ripple’s investment in its engineering departments, enhancing its technical infrastructure—a move that, while not directly indicative of an IPO, showcases Ripple’s dedication to scaling its operations and laying down a strong foundation for its future as a publicly traded entity.
Ripple Bolsters Financial Team Ahead of Potential IPO
The search for a director of international tax and a financial risk director is a strategic move to ensure the company’s accounting practices comply with global tax regulations—a critical component for any company considering going public, the analyst noted.
The necessity for transparent financial underpinnings is evident in Ripple’s hiring strategy. Jackson shared that such roles are pivotal in establishing a clear and accountable financial framework, essential for gaining investor trust in the lead-up to an IPO.
Perhaps the most explicit sign of an impending IPO is Ripple’s hunt for a senior manager for shareholder communications—a role integral to managing investor expectations and relations.
According to Jackson, the fact that Ripple is filling this position across key financial hubs like London, Miami, and New York speaks volumes about the seriousness of its intent to transition into a public company.
NYSE in Sight, with London and Dubai as Contenders
Jackson laid out his predictions for Ripple’s potential Initial Public Offering (IPO) location, pegging the New York Stock Exchange (NYSE) as the likely venue.
He suggests that Ripple’s recruitment pattern, with an emphasis on American cities, points to an NYSE listing, although he does not discount London or Dubai as strong alternatives due to Ripple’s expansive global operations.
Amidst regulatory scuffles with the SEC, Jackson remains bullish about Ripple’s standing, noting a perceived victory for the fintech firm. He likens early investments in Ripple to early stakes in major tech companies like Facebook, suggesting a promising horizon for Ripple’s investors as the company gears up for an IPO.
As the community continues to conjecture on Ripple’s next chapter, it’s important to note that despite the analysis and optimism, the company has yet to confirm its IPO plans. Meanwhile, Ripple’s native token, XRP, maintains its trading position in the market, awaiting potential shifts driven by these corporate developments.