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Ex-Ripple Developer Says IPO Might Not Be in the Cards for Ripple
In a recent interview with Ray Fuentes, Matt Rosendin, a former software engineer at Ripple and current CEO of CapSign, shared his insights on Ripple’s future Initial Public Offering (IPO) intentions. Rosendin expressed his conviction that Ripple plans to stay private and an IPO might not be on the table for discussions.
Rosendin’s statement diverges from earlier comments made by Ripple executives, with some indicating that the company is open to exploring an IPO in the future. However, it seems that Ripple may have a different approach, as Rosendin explained, “I think that they plan to stay private, and there’s no incentive for them to go public.”
While Rosendin’s perspective does not necessarily align with previous opinions from Ripple leadership, it highlights the complexities surrounding the topic of an IPO. It is essential to consider these diverging views when making investment decisions.
Ripple has made significant strides in the fintech space, and its XRP token has seen considerable growth. The asset currently trades at $2.00, having recorded a 10.60% gain on the daily price chart and a 6.23% increase over the last 30 days.
Source: https://www.crypto-news-flash.com/ex-ripple-developer-says-ipo-might-not-be-in-the-cards-for-ripple/?utm_source=rss&utm_medium=rss&utm_campaign=ex-ripple-developer-says-ipo-might-not-be-in-the-cards-for-ripple
