Potential Ripple IPO On The Cards?

According to Eleanor Terrett, Ripple and its underwriters met Wall Street investors as they look to generate interest in a potential IPO.

An IPO On The Cards?

Several rumors suggest that Ripple may go the IPO route following the conclusion of its long-running lawsuit against the Securities and Exchange Commission. This became a topic of discussion on Twitter, where it was revealed that the company held a private roadshow event in April, during which company executives met Wall Street investors with the goal of generating interest for an IPO. Eleanor Terrett, Fox Business Journalist, picked up the news, tweeting,

“In April, @Ripple hosted a private “road show” (a marketing event where a company and its underwriters meet with potential investors to generate interest in an IPO). I’m told it was attended by just about every reputable institutional investment firm on the Street.”

John Deaton, a pro crypto attorney, noted that Ripple could be in a relatively good position depending on the outcome of the summary judgment. Deaton believes that an outright win for Ripple or a mere slap on the wrist could show that ongoing and future sales of XRP are not securities.

“If @Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of #XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple.”

Long Running Lawsuit Nearing The End

Deaton also commented on the potential outcome of the lawsuit, stating that there is a minimal chance (less than 3%) that the Securities and Exchange Commission can score an outright win against Ripple. Deaton has been a vocal supporter of Ripple’s fight against the SEC, and was speaking during the June 3rd episode of the Good Morning Crypto podcast. Apart from his predictions about an outright Ripple victory, he also added that there was a 50% chance that Ripple could emerge victorious through a “splitting the baby” ruling. The last option is a reference to Judge Torress drawing a line in the sand, potentially ruling that XRP was offered as an unregistered security before 2018. However, following the Hinman documents, it could be possible that cryptocurrenc

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Author: Amara Khatri

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