Rumors about Ripple
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Potentially going public have surged following Circle’s successful debut on the New York Stock Exchange. Analyst Pentoshi, through a social media post on platform X, indicated that Ripple could go public by the end of the year or early 2026, with an exorbitantly high valuation. Ripple currently holds a private market valuation of approximately $11.3 billion, while XRP’s market valuation hovers around $132.68 billion. The focus now shifts to whether Ripple will proceed with an IPO once relieved from the looming pressure of the U.S. Securities and Exchange Commission’s lawsuit.
Circle’s Triumph Inspires Competitors
Circle achieved a $16.6 billion valuation on its debut day at the NYSE, reportedly attracting demand worth $1.72 billion, some of which was allocated to insurance companies. This significant start sent a positive message to similarly sized cryptocurrency companies. Analysts insist that Circle’s apparent success demonstrates to investment banks and regulatory bodies that the risks associated with cryptocurrency companies are diminishing. On the Ripple side, CEO Brad Garlinghouse had previously expressed intentions to take the company public but postponed these plans due to ongoing litigation with the SEC. The renewed investor interest sparked by Circle could invigorate Ripple. Market participants anticipate similar initiatives might rush to the exchange as soon as regulatory matters are clarified.
Pentoshi Ignites IPO Debate
Pentoshi ignited the discussion by suggesting an IPO is imminent and that the potential valuation could be extremely high. His post garnered thousands of interactions within minutes. Some users predicted the IPO as a formal inevitability rather than a surprise event. 
Critics argue that an IPO may not directly impact XRP’s price. They believe it will highlight the difference between the company and the cryptocurrency, with XRP continuing its role in payments. This view aligns with Pentoshi’s statement, “Ripple going public won’t stop XRP from being a payment instrument.”
Uncertain Legal Proceedings and Timetable
As the SEC lawsuit remains unresolved and Ripple has yet to file an official IPO application, the potential timeline remains contingent on regulatory developments. Despite the optimism spurred by Circle’s success, substantial progress is unlikely until legal barriers are lifted. Furthermore, cryptocurrency exchange Gemini’s confidential draft submission to the SEC is seen as a precursor to a potential wave of IPOs in the cryptocurrency sector. Ripple’s possible steps in this direction could deepen institutionalization debates within the industry and influence future pricing.