Pro-XRP lawyer Bill Morgan has raised a pertinent question regarding Ripple’s potential Initial Public Offering in the United States.
Attorney Morgan raised the question in response to predictions from Wall Street financial expert Linda P. Jones, who forecasted that Ripple’s much-anticipated IPO might occur in May 2024.
“I think there’s an opportunity if Ripple wants to go public next year. Mid-May would be an ideal time, right around May 15,” Jones said in an interview with Linqto.
Notably, Jones’ opinion was also shared by online betting platform Dinobet.io in a tweet last year. The official X handle quizzed whether Ripple’s potential IPO in May has what it takes to drive the XRP price to around $10.
Attorney Morgan Reacts
Interestingly, the tweet went viral last week, with notable XRP enthusiasts commenting on the Wall Street financial expert’s prediction.
Reacting, Attorney Morgan attempted to know the identity of the expert who predicted that Ripple would go public in May 2024. Furthermore, he asked why Ripple would go public at a time when it is still entangled in a legal tussle with the SEC.
The pro-XRP lawyer attached the SEC v. Ripple scheduling order with respect to the remedies phase of the lawsuit. According to the court order, the last motion in the remedies stage of the lawsuit will be filed on April 29, 2024.
— bill morgan (@Belisarius2020) November 19, 2023
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Judge Analisa Torres might issue the final judgment weeks after the last motion has been filed, extending the SEC v. Ripple legal tussle to May or June 2024.
Speculations About Ripple’s Potential IPO Journey
There have been speculations about Ripple going public in the United States.
In a January 2020 interview with the Wall Street Journal at the World Economic Forum in Davos, Switzerland, Ripple CEO Brad Garlinghouse disclosed that the company would be on the leading side of companies seeking to float an IPO over the next 12 months.
“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.” –@bgarlinghouse at #WEF20
— Asheesh Birla (@ashgoblue) January 23, 2020
However, this vision was halted in December 2020 when the SEC charged Ripple with violating federal security laws. Meanwhile, discussions about Ripple’s potential IPO resurfaced recently, with Linqto highlighting trends investors must watch this year for companies considering going public.
As reported by The Crypto Basic earlier, Garlinghouse recently commented on Ripple’s IPO journey, citing regulatory uncertainty as the major factor affecting Ripple’s chances of going public soon.