Ripple’s silent IPO preparations have become evident from its recent M&A moves, hiring trends, and finance roles targeting international tax directors.
In a recent video, prominent XRP influencer Lewis Jackson discussed compelling evidence pointing towards Ripple’s intentions to go public. Jackson argued that Ripple may have been hinting at its IPO preparation plans on its website while many people are yet to take cognizance of it.
In the video, Jackson highlighted several key factors that support this hypothesis.
The BIGGEST Sign of a Ripple IPO Incoming! pic.twitter.com/pE2GNEzF8d
— Lewis Jackson (@cryptolewlew) November 2, 2023
Ripple’s Subtle IPO Preparation Plans
Jackson underlined that a company’s journey to an IPO often involves specific stages, including a phase of mergers and acquisitions (M&A). He pointed out that Ripple has been actively involved in M&A activities. He cited Ripple’s acquisition of Metaco, which happened five months ago. Alongside, Jackson noted the failed acquisition bid in the case of Fortress Trust.
According to the XRP influencer, while these activities alone do not guarantee an IPO, they typically precede it.
Furthermore, Jackson argued for Ripple’s silent IPO preparation plans based on the company’s hiring trends. He particularly noted roles related to corporate development, engineering, finance, and shareholder communication.
According to Ripple’s career page, the technology firm currently seeks a Director of Corporate Development and Managers of Corporate Development.
One of the critical responsibilities of the incoming directors and managers is to “Establish strong relationships externally with the crypto and blockchain community of entrepreneurs and investors.”
Recall that The Crypto Basic recently disclosed that Ripple seeks a “Shareholder Communications Senior Manager.”
Therefore, Jackson explained that the hiring of a director and manager of corporate development indicates Ripple’s commitment to strategic growth, including M&A and partnerships.
Besides, he noted Ripple’s recruitment of engineers suggests its dedication to strengthening its technical infrastructure. Meanwhile, the analyst remarked:
“[Hiring of engineers] doesn’t necessarily reflect on the prospect of an IPO. But certainly, it seems like Ripple is building and building to be able to show anyone looking in how robust they are and how they are growing and expanding, making things better. These are all just good signs, anyway.
Hiring for International Tax and Financial Risk
Furthermore, Jackson sees IPO preparation signs in Ripple’s openings for various finance roles. It includes a Director of International Tax and a Financial Risk Director.
According to Jackson, these finance roles are crucial for auditing financial data and preparing for public disclosure. In his words:
“When you go public, then everyone can see all the numbers. So, you need to make sure that you’re abiding by international taxes because they’re a global company.”
Location of the Openings
Notably, Ripple mostly wants the directors and managers to be from San Francisco, its headquarters, as well as from New York City and London.
While Jackson did not draw a direct connection between the job postings and the location of Ripple’s potential IPO, he noted that more than 10% of the positions were in the United States.
Furthermore, he speculated that the New York Stock Exchange (NYSE) could be Ripple’s primary goal for going public. However, he also mentioned that London or Dubai might be secondary options.
Regulatory Triumph
It is worth mentioning that Ripple’s protracted legal case with the U.S. regulator is gradually ending with successive victories against the SEC, such as the recent dismissal of the charges against Ripple’s executives. Therefore, the hindrances to Ripple going public via an initial public offering soon have lowered.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
