Brad Garlinghouse predicts Ripple will go public

Alex Dovbnya

Ripple hasn’t given up on its plans to go public

In a recent interviewRipple CEO Brad Garlinghouse said the San Francisco-based company would eventually go public in the future:

I think the future for Ripple is ultimately that we will be a publicly traded company.

As of now, going public is not a priority for the company, which is in the midst of a grueling legal battle with the US Securities and Exchange Commission.

Garlinghouse has reiterated that Ripple is awaiting resolution of the landmark lawsuit in order to move forward with IPO plans.

He has again accused the SEC of “dragging”, alleging that the regulator continues to try to delay the process.

As reported by U.Today, the deadline for expert discovery has been extended to the end of February at the request of both parties.

In January 2020, Garlinghouse told the Wall Street Journal that Ripple could go public in 12 months. However, the SEC lawsuit threw a wrench into the company’s IPO ambitions.

Coinbase, the leading US exchange, stole the spotlight with its wide public debut in April 2021.

While regulatory issues have made it challenging for Ripple to do business in the US, the company’s operations abroad continue to thrive. The valuation of the distributed ledger data provider has now reached $15 billion after share buybacks.

Garlinghouse says Ripple says it will be in a “great position” in early 2022. He also feels “incredibly optimistic” about the broader cryptocurrency industry, despite the ongoing correction of the cryptocurrency market.

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