Ripple IPO: Expert Reveals Why Investors Should Be Cautious
November 10 2023 - 3:20AM
NEWSBTC
In a recent development, a prominent figure in the XRP community
has explained why members of the community should be careful about
being so excited about a Ripple IPO. Using historical data, she
elaborated on why an IPO isn’t as straightforward and profitable as
some might think. Why Investors Should Be Cautious In a post
shared on her X (formerly Twitter) platform, Crypto Eri revealed
how investors aren’t excited about IPOs in what sounded like a note
of warning to those who are ready to go all in if Ripple were to go
public. Related Reading: Countdown to Chaos: Ethereum Insider
To Expose ETH Founders’ Fraud In Weeks The reason for investors’
lack of enthusiasm seems to be that the biggest IPOs of 2021 have
shed 60% of their value since going public. According to her, this
fact has also made other private entities cautious to hold off on
their plans to go public. She highlighted certain “essential
components” that investors should insist on when listening to
anyone talk about price analysis and a company’s valuation. These
components include the components cash balance, debt, value of
investment portfolio, total shares outstanding, and value of any
on-hand assets. While Eri seems to be more cautious about a
potential Ripple IPO, some others have taken a more bullish stance
and are ready to go all in on it. One of them happens to be pro-XRP
Wall Street financial analyst Linda Jones, who had predicted that a
Ripple stock could be valued as high as $600. She also touted
XRP as the next big thing in the financial market as she likened
the crypto token to Microsoft and Apple’s stocks. Maybe Not
The Right Time For A Ripple IPO Eri’s warning also seemed to be
directed at Ripple as she highlighted key points that might make
the crypto company reconsider if an IPO was already in the works.
She drew comparisons between Ripple and other similar types of
companies, as the former could take a cue from some of their
actions. Related Reading: Analyst Predicts Bitcoin And Crypto
Market Crash Of Epic Proportions, Here’s When Interestingly, one of
them happens to be Ripple’s partner, Nium Global, which she noted
was holding off its US IPO to “possibly the second quarter of
2025.” She alluded to the fact that this decision was made despite
the fact that Nium Global is doing pretty well and even recently
launched a liquidity hub for FX. The XRP community might,
however, not have to worry about how Ripple will fare if it goes
public now, as there is evidence to suggest that the company
doesn’t plan on doing so anytime soon. The founder of Dizer
Capital, Yassin Mobarak, recently revealed that Ripple’s CEO Brad
Garlinghouse mentioned that a Ripple IPO wasn’t feasible until the
company’s legal battle with the SEC is over. XRP price drops to
$0.65 | Source: XRPUSD on Tradingview.com Featured image from
CoinCodex, chart from Tradingview.com
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