Wall Street financial expert Linda Jones recently offered a detailed prediction regarding Ripple’s possible initial public offering (IPO). Speaking during a fireside chat with Linqto, a pre-IPO investment platform, Jones presented his views on the expected timeline and factors influencing Ripple’s decision to go public.
Jones declared via X, “Here’s my interview with Linqto today. We talked about when Ripple might go public, my calculation of what the stock could be worth, and potential acquisition targets.
Ripple IPO in May 2024?
Despite the apparent lack of immediate need for funds related to Ripple’s IPO, Jones suggested that investor pressure could force the company’s executives to take this route. She explained: “Well, like I said, Ripple was founded in 2012 and I think their investors want the exit and Brad. [Garlinghouse] will be pressured to do so even if they don’t need the IPO money.
Its forecast builds on a broader economic outlook, predicting a bull market driven by lower inflation and interest rates, creating an environment conducive to public offerings. “I think we’re going to enter this incredible bull market that will happen from falling inflation and falling interest rates, which will cause stocks to rise very sharply, which will allow the IPO market to to get very hot next year,” Jones added.
Jones identified mid-May 2024, specifically around May 15, as the ideal window for Ripple’s IPO, subject to favorable market conditions and company readiness. “I think there is an opportunity if Ripple wants to go public next year that mid-May would be an ideal time, around May 15th would be an ideal time – that’s my first target that they could go public if everything – the stars, the Sun and the Moon were aligned and they wanted it to be made public,” she explained.
However, she also warned of the uncertainty of this timeline, indicating that if Ripple misses this window, the next viable opportunity may not present itself until 2025. “If that doesn’t happen, then I think it won’t happen until 2025. “Probably won’t happen until 2025,” Jones noted.
An obstacle remains to be overcome
Further complicating Ripple’s path to an IPO is the ongoing legal dispute with the United States Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has recognized meet this challenge, noting that SEC approval for Ripple’s Form S-1 registration statement is necessary for an IPO. As long as the legal battle persists, this approval remains uncertain.
At press time, XRP price was trading at $0.6165 after falling below the 0.382 Fibonacci retracement level.
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