- Ripple’s CEO, Brad Garlinghouse predicted that the firm could go for the public offering in the upcoming 12 months.
- Ripple raised a gigantic $200 million in the series of c funding, and this thing can count in their last step before making company public.
- Ripple has also so far sold a total of $1.22 billion worth of XRP according to the block’s research report.
Brad Garlinghouse, Ripple’s CEO, predicted that the firm could go for the public offering in the upcoming 12 months. At the World Economic Forum in Davos, Brad Garlinghouse articulated the wall street journal yesterday, about the initial public offering (IPO).
Brad said that an initial public offering is a “natural evolution” for the company. Garlingouse mentioned that “in the upcoming 12 months or 2021, you will see the IPOs in the crypto blockchain space”.
Also, he said that we’re not going to be the first in this crypto era and also not going to be the last. Still, I expect us to be on the leading side, as it’s a natural evolution for our company”, so from this, the picture is a little bit clear, and the firm is aiming to launch the initial public offering as soon as possible.
The last step from the firm was in the previous month, Ripple raised a gigantic $200 million in the series of c funding, and this thing can count in their last step before making company public. The round C alone approximately valued the blockchain payments firm over $10 billion.
The total that was raised by the Ripple was around $293.7 million in funding to the date. Now it remains to see how much more ripples make up the building before an IPO.
Earlier this week, Ripple reported the sales figure of the XRP for the fourth quarter and saw an 80% drop. The firm recently sold a total of $13.08 million in XRP in Q4, which was very short compared to the previous quarter of $66.24 million.
From the past three years, the statistics of the Q4 sales figure is the lowest, are the most economical as per the several reports. The price of XRP also declined by 22% during Q4. Ripple has also so far sold a total of $1.22 billion worth of XRP according to the block’s research report.