Ripple’s IPO with 45 Billion XRP Sets New Record for Potential
Zach Rector, a well-known figure in the XRP community, has ignited conversations about the possibility of Ripple conducting a groundbreaking Initial Public Offering (IPO). Rector’s insights have brought Ripple into the discussion of the most significant IPOs in history, surpassing giants like Saudi Aramco, SoftBank Corp, Alibaba, and Visa.
Ripple’s Potential IPO Buzz
In a recent tweet, Zach Rector suggests that Ripple’s substantial XRP holdings of over 45 billion could lead to an extraordinary IPO. He compares this potential IPO to other major players in the market. The tweet reads:
“Could Ripple have the biggest IPO ever? #XRP”
For context, the largest IPO ever was conducted by Saudi Aramco, raising $25.6 billion. Alibaba followed closely with an impressive $21.7 billion, along with SoftBank Corp at $21.3 billion, Visa at $17.86 billion, and Facebook at $16.45 billion.
Rector emphasizes that Ripple stands out from other companies due to its utilization of digital assets. While companies like Saudi Aramco focus on energy, Ripple’s significant XRP holdings make it unique in the market.
Ripple’s Current XRP Holdings
According to the most recent data accessible through Ripple API, the company currently holds 45.404 billion circulating XRP tokens out of a total supply of 100 billion XRP tokens. Initially, Ripple Labs held 55 billion XRP tokens, with the option to lock 800 million tokens in an escrow wallet each month. With the current market value of XRP surpassing $0.528, this substantial quantity of XRP translates into a staggering monetary value exceeding $23 billion.
Wall Street Analyst’s Perspective
Adding to the speculation, Wall Street analyst Linda Jones projected that if XRP reclaims its all-time high of $3.84, Ripple’s XRP portfolio could exceed $150 billion. Jones suggests that if the stock were valued at approximately three times the escrow amount, which is around $350 billion, it could result in a half-a-trillion-dollar IPO valuation for Ripple.
It is important to note that Ripple has temporarily postponed its IPO plans due to regulatory challenges in the cryptocurrency space.
These speculations shed light on Ripple’s unique market position, with its IPO potential closely tied to the valuation of its substantial XRP holdings.