In a recent interview, Ripple CEO Brad Garlinghouse said the company will go public in the future.
Ongoing battle with the SEC
At the moment, however, holding an IPO is not a priority for the company. It is in the midst of a legal battle with the US Securities and Exchange Commission.
Garlinghouse has reiterated that Ripple is awaiting the outcome of the lawsuit to move forward with IPO plans.
The CEO says he thinks the SEC is deliberately trying to delay the lawsuit. The deadline for the expert discovery has been extended to the end of February at the request of both parties.
In January 2020, Garlinghouse told the Wall Street Journal that Ripple could go public in 12 months. However, the SEC lawsuit threw a spanner in the works.
Regulatory issues made it challenging for Ripple to do business in the US. However, the company’s overseas operations continue to grow. The valuation has now reached $15 billion.
Garlinghouse claims Ripple says it will be in a “great position” in early 2022. He also feels “incredibly optimistic” about the broader cryptocurrency industry, despite the ongoing correction.
“I think ultimately the future for Ripple is that we will be a publicly traded company.” According to Garlinghouse.
