Once The SEC Suit Is Resolved, Ripple Will Consider An IPO.
According to CNBC, Ripple Labs CEO Brad Garlinghouse stated during the World Economic Forum in Davos that the company will consider an IPO once the suit with the SEC regulatory body is resolved.
The SEC’s case against Ripple Labs has now been ongoing for more than a year. The company expects it will be completed by the end of 2022. According to the CEO, once that happens, Ripple will seriously consider an IPO.
Garlinghouse told CNBC that the company expects to receive assurance and clarity surrounding the regulator in the United States. Overall, he has been adamant that the United States implement suitable rules for the blockchain and cryptocurrency industries.
But you know, we certainly are at a point in scale, where that is a possibility. And we’ll look at that once we’re past this lawsuit with the SEC.
Last year, the CEO of Ripple’s major Japanese partner, SBI Group, projected that Ripple Labs would go public following the litigation, claiming that Chris Larsen, a co-founder and former CEO, wants this to happen.
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