Wall Street financial expert Linda Jones predicts Ripple’s Initial Public Offering (IPO) date and outlines factors that could influence the decision. Despite Ripple not immediately needing IPO funds, Jones suggests investor pressure might lead to the IPO. She predicts a potential IPO window in mid-May 2024, contingent on favorable market conditions and company readiness. However, ongoing legal conflicts with the US Securities and Exchange Commission (SEC) present a roadblock to Ripple’s IPO.
**Wall Street Expert Forecasts Ripple’s IPO Timeline**
Wall Street financial expert Linda Jones has presented a detailed forecast regarding Ripple’s potential Initial Public Offering (IPO). Speaking at a Fireside chat with Linqto, a pre-IPO investment platform, Jones shared insights into the expected timeline and factors influencing Ripple’s decision to go public. She also discussed potential acquisition targets and the stock’s estimated value (Source: [Twitter](https://twitter.com/LindaPJones/status/1725312670038114611)).
**Ripple’s Potential IPO Date**
Jones mentioned that Ripple, despite not requiring immediate IPO-related funds, could face investor pressure to pursue an IPO. She pointed to Ripple’s founding in 2012 and indicated that pressure might mount on CEO Brad Garlinghouse to take the company public, even though they don’t necessarily need the funds from the IPO. Jones predicted that a conducive economic environment, driven by decreasing inflation and interest rates, could lead to a bullish market, which might be favorable for public offerings.
The Wall Street expert pinpointed mid-May 2024, specifically around May 15, as a potentially ideal window for Ripple’s IPO, provided that market conditions and company readiness align. However, Jones cautioned about the uncertainty of this timeline, stating that if Ripple misses this window, the next viable opportunity might not arise until 2025.
**Obstacles to the IPO**
A significant obstacle in Ripple’s path to an IPO is the ongoing legal conflict with the US Securities and Exchange Commission (SEC). Ripple CEO Brad Garlinghouse has noted that SEC approval for Ripple’s Form S-1 Registration Statement is necessary for an IPO, and as long as the legal battle persists, this approval remains uncertain.
At present, the XRP price is reported to be at $0.6165 after dropping below the 0.382 Fibonacci retracement level. The XRP price, 1-day chart can be seen [here](https://www.tradingview.com/x/qeW7jmjA/).
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1. **What is an IPO?**
An Initial Public Offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance.
2. **Why is Ripple considering an IPO?**
Ripple may be considering an IPO due to investor pressure and the potential for a bullish market driven by economic factors. Additionally, an IPO could provide an exit for investors and increase the company’s visibility and access to capital.
3. **What is the significance of the legal conflict with the SEC for Ripple’s IPO?**
The legal conflict with the SEC presents a major obstacle to Ripple’s IPO as SEC approval for Ripple’s Form S-1 Registration Statement is necessary for the IPO to proceed. As long as the legal battle persists, the approval and consequently, the IPO, remain uncertain.