The cryptocurrency ecosystem is no longer limited to crypto. The key players in the digital asset sector are now considering how they will enter the conventional financial system. Coinbase is a recent illustration of the grandiose IPO aspirations of prominent cryptocurrency entrepreneurs. In addition, ripple, a leading business blockchain, and cryptocurrency solutions provider has recently been added to the list of firms attempting an initial public offering (IPO) or intend to do so.
About Ripple Stock
Ripple appears to be still considering an initial public offering (IPO), even though it is battling regulatory barriers. Indeed, even as it fights a bitter U.S. Securities and Exchange Commission SEC lawsuit ends, Ripple company leadership is still looking ahead to a Ripple IPO.
According to a recent CNBC report, Ripple is not giving up its dream of going public. Ripple has been under legal pressure for more than a year, best recognized as the creator of XRP (XRP-USD).
The Securities and Exchange Commission SEC accused Ripple and its executive chairman Chris Larsen of promoting an illegal securities offering by failing to register approximately $1.4 billion worth of XRP as a security. This case has significant implications for the cryptocurrency sector. If the SEC prevails, it may establish a precedent that requires cryptocurrencies to follow stricter reporting and regulatory rules. In addition, it will be a significant success decentralizing offers digital currency trading assets if Ripple emerges victorious.
Ripple Ticker Symbol – XRP Ripple (XRP) Latest Prices, Charts & Data | Nasdaq.
Ripple Stock Price
The current live XRP price is $0.326356 USD, with a 24-hour trading volume of $1,161,745,554 USD. In real-time, we update our XRP to USD price. Over the past 24 hours, XRP has declined 5.54%. The current CoinMarketCap ranking is #8, with a live market capitalization of $15,777,054,600 USD. It has a circulating supply of 48,343,101,197 XRP coins and a max. supply of 100,000,000,
Ripple Funding Rounds and IPO Valuation
Ripple was valued at $9.8 billion in December 2019 after raising $200 million through a Series C funding round. On the other hand, the firm stated that it had repurchased the shares from investors who participated in the financing round.
The revised share issuance propelled Ripple to a $15 billion valuation – more than the firm received when it completed its Series C funding. Additionally, the buyback indicates the firm’s bullish disposition even as it faces an SEC lawsuit. Furthermore, Ripple’s IPO is anticipated to go well.
Ripple is still a secret, but its finances are for now undisclosed. A Ripple representative, on the other hand, said that the firm has a “powerful position” in the market following the buyback. Furthermore, the spokesperson stated, “Ripple is cash flow positive, has $1 billion in the bank, and a solid balance sheet.”
Things to Know About a Potential Ripple IPO
- According to its website, Ripple’s lawsuit with the SEC is expected to be resolved sometime in 2023.
- The XRP lawsuit significantly influenced the crypto price right away. The coin dropped $15 billion over the first months following the SEC’s complaint.
- Ripple’s legal team has accused the SEC of delaying tactics to slow down the process.
- The SEC says XRP is essentially an “illegal securities offering” and that Garlinghouse and his co-founder Chris Larsen misled investors regarding cryptocurrency sales.
- Its purpose is to serve as a bridge currency allowing facilitate cross-border payments in other fiat and digital currencies.
- According to Forbes, Ripple was valued at $15 billion in January 2022.
Ripple IPO Filing Details
In the past, private funding or initial coin offerings have been used by cryptocurrency and network businesses to raise cash. This, however, may be changing soon. Ripple CEO Brad Garlinghouse is making a unique play in the crypto regulations sector with discussions of taking the firm public.
The company has not made an official declaration regarding a Ripple IPO. However, the business may choose to go public while fighting the SEC.
How To Invest In Ripple
- Create A Coinbase Account
- The first thing you’ll need to do is create a Coinbase account. Remember that if you open a new account and make your first trade, you’ll receive a $5 bonus!
- Coinbase is one of the most popular options since it allows you to buy some of the most popular currencies easily.
- The XRP (Ripple) cryptocurrency is one of them. You may easily purchase it on the app, as well as Bitcoin and various other cryptocurrencies. In addition, you can quickly exchange money in dollars in and out.
- Buy Ripple
- You may buy XRP once you’ve obtained Bitcoin at Coinbase.
- Select Ripple (XRP) in your Coinbase account and make a trade.
- When you make a trade, it will appear in your Coinbase account.
- It’s simple to see and keep track of your Bitcoin, Ethereum, or other cryptocurrency holdings when everything is in one place.
Is ripple pre-IPO a good investment?
Pre-IPO stocks can be a strategic approach to accumulating wealth in the long run. You may receive massive returns on your investment if you invest in the proper firm at the right moment. However, there are dangers in early-stage investing. Nevertheless, as with any other investment, the potential rewards may be enormous.
Should I buy ripple stock?
The price of XRP is highly volatile, and Ripple’s situation is no exception. However, if you believe in Ripple’s long-term prospects, a tiny investment in XRP may be worthwhile. Of course, it’s not as safe as investing in stocks, but if Ripple succeeds, you may make a nice profit.
How can I buy ripple stock?
You may buy XRP on exchanges, including eToro, Kraken, and Huobi Global. However, several U.S. exchanges have either delisted or paused XRP trading.
Can I invest in Ripple, the company?
The only way to invest in Ripple is through private investors on the secondary market, owing to the company’s lack of public stock. To buy and trade Ripple stock, you must be a “sophisticated investor.” As a result, to purchase shares of Ripple Inc. at this time, you must be an accredited investor.
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