Experts predict that Ripple's upcoming IPO will be the 'largest IPO ever.
Discussions about Ripple's upcoming Initial Public Offering (IPO) continue to make waves in the cryptocurrency community. This time, cryptocurrency expert Zach Rector emphasized the potential success of the event if Ripple becomes a publicly traded company.
Can Ripple's IPO become the "largest IPO ever"?
In a video posted on his YouTube channel, Rector posed a question to his audience about whether Ripple's IPO could become the largest ever. He noted that Ripple would need to surpass the $25.6 billion mark, which is the amount raised by Saudi Aramco to become the largest IPO to date.
However, Rector seems confident that Ripple could achieve this, mentioning that the value of Ripple's XRP holdings alone is substantial. Specifically, he referred to the escrow funds, pointing out that they could play a significant role in valuing Ripple, assuming those tokens have not been allocated previously.
He further explained how Ripple has an advantage over companies like Saudi Aramco and Alibaba, which had the largest IPOs in the US. Rector said Ripple is in a “unique position” as it is sitting on the “XRP war chest” while also boasting a strong growing business.
This cryptocurrency expert also emphasizes the hype surrounding Ripple and the scale of its team as additional reasons he believes Ripple's IPO could become one of the largest in the United States. Rector notes that Ripple is an "incredible company with an all-star team," unmatched by any other company in the cryptocurrency space.
Ripple is truly expanding
Rector continues to highlight recent developments indicating that Ripple's business operations are rapidly expanding, and they have the necessary prerequisites to organize a significant IPO. He mentions that Polygon Labs has recently laid off a significant portion of its workforce. Meanwhile, Ripple "is still hiring, generating cash, and developing business partnerships."
In summary, Rector underscores Ripple's exceptional team and ongoing business growth as factors contributing to the belief that its IPO could be one of the largest in the United States.
The expert also suggests the liquidity of Ripple, stating that the cryptocurrency company currently has "a billion in cash." He also hints that Ripple could easily spend $285 million to buy back some of its shares.
Following that, Rector continues to discuss Ripple nearing the end of its legal battle with the U.S. Securities and Exchange Commission (SEC), and that this resolution will bring a "completely new shine" to the company. He further declares that Ripple will become the "darling of Wall Street" after defeating the SEC, with everyone on Wall Street wanting to be associated with the cryptocurrency company once that happens.
