Ripple CEO Garlinghouse Hints At IPO, Predicts More Public Offerings

The Ripple CEO Garlinghouse Brad recently predicted that the initial public offerings (IPOs) will become more prevalent in the crypto and blockchain space in 2020. As he reportedly hinted at the World Economic Forum in Davos yesterday (January 23), Ripple would itself be one of those firms and seek a public flotation.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company,” the Ripple CEO Garlinghouse noted.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” –@bgarlinghouse at #WEF20

— Asheesh Birla | CEO at Evernorth (@ashgoblue) January 23, 2020

For those of you who haven’t been following our crypto news, an IPO basically refers to the process of offering the shares of a private company to the public in a new stock issuance. Because of this, IPOs are often referred to as “going public” or as “floating” corporate shares to the wider market.

The Ripple news also show that Garlinghouse is a fan of IPOs. As the crypto industry shifts its focus from initial coin offerings (ICOs) to initial public offerings (IPOs), there are many new and cumbersome legal and regulatory processes.

However, as this space matures and in the wake of the post-boom ICO rout (which saw a lot of offerings exposed as either fraudulent or simply unsuccessful), firms are now seeking to build confidence with mainstream investors by way of public listings on stock exchanges.

This is a trend which the Ripple CEO Garlinghouse appears to consider and thinks that it would consolidate itself in the near future. This comes even as some of the industry’s largest players struggled to meet the stringent requirements of an IPO.

Meanwhile, many major crypto firms such as Blockstack have chosen to pursue complaint token sales with the approval of the United States Securities and Exchange Commission (SEC). Silvergate Bank is one of the banks which went public in November 2019 and released its IPO on the New York Stock Exchange.

The Bitcoin and altcoin news this afternoon show that BTC gained more than 1.40% on the day and the 24 hour volume looks impressive at $96 billion now.