What’s Next for Ripple’s IPO Plans After SEC Legal Battle?

Ripple's potential for an IPO is once again in the spotlight as SBI Holdings' CEO Yoshitaka Kitao calls on the company to prepare for a public listing once its legal battle with the SEC concludes.

Despite the renewed focus, Ripple CEO Brad Garlinghouse emphasizes that an IPO remains a secondary consideration, given the company’s solid financial position.

Interest in Ripple’s IPO has reignited, with Kitao advocating for the move after the resolution of the company’s longstanding conflict with the SEC. The legal case, initiated in 2020, accused Ripple of unlawfully selling XRP as unregistered securities.

While Ripple achieved a partial court victory in 2023, the SEC’s recent appeal prolongs the uncertainty. Some industry experts believe the appeal could be dropped, especially if leadership changes occur at the SEC, potentially clearing the way for Ripple to go public.

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Garlinghouse has expressed openness to the idea of an IPO but insists it is not a priority. Ripple’s financial strength ensures it does not depend on public funding to operate. Still, Garlinghouse has hinted at revisiting the idea when the regulatory hurdles are behind them, recalling the company’s plans to go public in 2020 before legal complications derailed them.

A public listing could significantly elevate Ripple’s standing in the blockchain industry, boosting its valuation and positioning it as a major global player. However, for now, the company remains focused on resolving its legal issues and maintaining its growth trajectory.

Kostadin Dimitrov