Ripple’s anticipated IPO appears unlikely to occur this year or early 2024, primarily due to ongoing litigation with the SEC and the need for regulatory approval of their S-1 filing.
Meanwhile, Ripple’s native token, XRP, has experienced a price rally, recently reaching over $0.73 and becoming the fourth-largest crypto by market cap, influenced by positive lawsuit developments and the bullish trend in the crypto market.The cryptocurrency community was recently intrigued by speculations that Ripple might soon file for an initial public offering . Some peoplethe move would happen at the end of September during the company’s party in New York City.
Due to the ongoing lawsuit with the regulator, though, such an initiative is currently impossible. Mobarak further claimed that Garlinghouse considered the option of filing for an IPO outside the States, “but no time frame was given for that.”Speaking of Ripple, it is worth mentioning the latest price rally of its native token – XRP. Yesterday , it hit a three-month peak of over $0.