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November 19, 2023 by Mohammad Ali
Renowned Wall Street financial expert Linda Jones recently shared her insights on Ripple’s potential Initial Public Offering (IPO) during a Fireside chat with Linqto, a pre-IPO investment platform. In her detailed forecast, Jones outlined the expected timeline and the factors influencing XRP’s decision to go public.
Speaking via X, Jones discussed her interview with Linqto, stating, “Here is my interview with Linqto today. We discussed when XRP might go public, my back-of-the-envelope calculation for the stock’s worth, and potential acquisition targets.”
While acknowledging that Ripple currently doesn’t seem to have an immediate need for funds through an IPO, Jones suggested that investor pressure might drive the company’s executives toward this path. She added,
“Well, like I said, Ripple was founded in 2012, and I think their investors want the exit and Brad [Garlinghouse] will get pressure to do that even though they don’t need the money from the IPO.”
Ripple’s Future: Jones Anticipates Bull Market and Potential IPO Surge
Jones based her forecast on a broader economic outlook, predicting a bull market triggered by decreasing inflation and interest rates. She believes this would create a favorable environment for public offerings. Jones added,
“I do think we will go into this incredible bull market that will happen from the drop of inflation and interest rates that will lead to a very strong rise in stocks that will allow the IPO market to get very hot next year.”
The expert pointed to mid-May 2024, particularly around May 15, as the optimal window for Ripple’s IPO, contingent on favorable market conditions and the company’s readiness. She explained, “I think there is an opportunity if Ripple wants to go public next year that mid-May would be an ideal time, right around May 15 would be an ideal time – that’s my first target that they might go public if everything – the stars, the Sun, and the Moon – lined up, and they wanted to go public.”
However, Jones cautioned about the uncertainty of this timeline, noting that if Ripple misses this window, the next viable opportunity might not arise until 2025. She remarked, “If it doesn’t happen, then I think it probably won’t happen until 2025.”
The ongoing legal conflict with the U.S. Securities and Exchange Commission (SEC) adds complexity to Ripple’s path to an IPO. Ripple CEO Brad Garlinghouse has acknowledged that SEC approval for Ripple’s Form S-1 Registration Statement is necessary for an IPO, and until the legal battle concludes, this approval remains uncertain.
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