Talks about a Ripple Initial Public Offering (IPO) have continued to reverberate around the crypto community. This time, crypto expert Zach Rector has highlighted how successful that event could be if Ripple becomes a publicly traded company.
Can Ripple’s IPO Become The “Biggest Ever”?
In a video posted on his YouTube channel, Rector posed a question to his audience on whether Ripple’s IPO could become the biggest ever. He noted how Ripple will have to surpass the $25.6 billion mark, which happens to be the amount Saudi Aramco raised on its way to becoming the largest IPO ever.
Rector, however, seemed confident that Ripple could achieve this as he mentioned how Ripple’s XRP holdings alone are worth more than that. Specifically, he referred to the escrowed funds, which he noted could play a big role in Ripple’s valuation, supposing those tokens haven’t been pre-allocated.
He further elaborated on how Ripple had an advantage in comparison to companies like Saudi Aramco and Alibaba, which boast the largest IPO in the US. Ripple is in a “unique position” considering that it is sitting on a “war chest of XRP” while also boasting a business that is flourishing, Rector said.
The crypto expert also highlighted the hype around Ripple and the caliber of its team as other reasons why he believed a Ripple IPO could become one of the biggest (if not the biggest) in the United States. Rector remarked that Ripple was an “incredible company with an A
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Author: Scott Matherson
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