Global fintech and funding innovation ecosystem

Ripple’s XRP Set To Launch Their Initial Public Offering

AsiaOne | MarketersMedia | May 18, 2021

Ripple ready to go IPO - Ripple’s XRP Set To Launch Their Initial Public Offering

Ripple’s XRP Set To Launch Their Initial Public Offering

Brad Garlinghouse, the CEO of Ripple, announced at Davos 2020 that the company will be going public in 12 months. The announcement has expectedly attracted the attention of crypto enthusiasts across the globe.

Ripple and its native crypto token XRP have continued to gather momentum since 2012, currently ranked as the third largest digital asset in the world while Ripple has plans for an initial public offering. The company has been majorly funded privately since 2013, with major VC players like Andreessen Horowitz, IDG Capital Partners, Google Ventures, and SBI Holdings participating in several funding rounds, with close to $292 million raised so far.

See:  Ripple Wins Access to SEC Internal Documents on Bitcoin, Ether, and Other Cryptocurrencies

The company was able to secure the highest amount from private funding in the last 8 years of its existence, particularly attracting the attention of VCs. The company’s revenue model that includes the sales of XRP to financial institutions and retail investors through crypto exchanges has also helped the company to increase its revenue generation capacity.

In an interview at the World Economic Forum 2020 with the Wall Street Journal, Ripple CEO Brad Garlinghouse hinted at the possibility of some crypto companies going public with their IPOs in 2021. While his claims are yet to be ascertained, recent data has showed that he might be on point with his predictions, especially with a report published by CB Insights on January 22 revealing a significant drop in venture capital funding for blockchain companies in 2019.

More blockchain startups are beginning to try out a proper market fit for their products and services, which could drive away private capital investors. Consequently, crypto/blockchain startups are expected to reach out to public markets to raise funds.

The crypto IPO trend had already begun in late 2019. Po-crypto Silvergate Bank offered its shares for trading on the NYSE and Canaan went public on Nasdaq. More crypto and blockchain-based companies are looking to go public in the coming months.

Ripple is however looking to get more than just raising funds from the capital market, with the company’s partnerships with several banking and financial institutions worldwide reiterating this claim.

Continue to the full article --> here

NCFA Jan 2018 resize - Ripple’s XRP Set To Launch Their Initial Public Offering The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit:

Latest news - Ripple’s XRP Set To Launch Their Initial Public OfferingFF Logo 400 v3 - Ripple’s XRP Set To Launch Their Initial Public Offeringcommunity social impact - Ripple’s XRP Set To Launch Their Initial Public Offering

Support NCFA by Following us on Twitter!

NCFA Sign up for our newsletter - Ripple’s XRP Set To Launch Their Initial Public Offering


Leave a Reply

Your email address will not be published. Required fields are marked *

nine + 16 =