Ripple CEO Says Crypto Firms May Go Public in 2020

Brad Garlinghouse, CEO of Ripple, sees that the traditional initial public offerings (IPOs) is expected to become more common in the cryptocurrency and blockchain space this year.

Garlinghouse hinted, during his speech at the World Economic Forum, that Ripple would be one of the firms seeking an IPO:

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”

The cryptocurrency space is focusing its energies on initial coin offerings (ICO), which is considered an alternative issuance model for startups, innovative firms that off-shoulders many of the difficult environment of legal and regulatory processes during traditional IPO.

According to Investopedia, an initial public offering (IPO) refers to the process of offering the shares of a private corporation to the public in a new stock issuance.

Major crypto companies, like Blockstack, have chosen to seek compliant token sales, as an alternative to the traditional offering model, after getting approvals of the United States Securities and Exchange Commission.

Share this page

Be the first to comment

Leave a Reply

Your email address will not be published.