CandleFocus Ripple CEO Confirms IPO Not a High Priority but Provides New Timeline for Potential Offering
2024-10-25
Author: Content Editor
Ripple CEO Brad Garlinghouse has clarified that an initial public offering (IPO) is not currently a high priority for the company amidst growing interest from the XRP community. Garlinghouse explained that Ripple's financial stability, which allows them to make key acquisitions and invest in projects without the need for additional funds, has deprioritized the need to go public. The ongoing tension between Ripple and the SEC is also a factor pushing IPO plans further down the line. Garlinghouse mentioned that an IPO would take at least 12 months to materialize, and if SEC Chairman Gary Gensler were to step down next year, Ripple might consider prioritizing an IPO at that point. However, executing an IPO would still take a year in the best-case scenario.
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