(Asian News Hub) – Ripple CEO, Brad Garlinghouse, says its “highly likely” that the company will go public after its SEC lawsuit is concluded.CEO of Ripple, Brad Garlinghouse, stated the company could go public if, and when, it resolves its lawsuit with the Securities and Exchange Commission (SEC).
The CEO was asked directly about the prospect of going public and, according to Business Insider, responded by saying the chances are “very high at some point.”
This is the second time the company has stated as much after shareholders said the company planned to make the move on an earnings call. After the news broke, XRP jumped 14%.
Ripple’s decision to go public is far from surprising considering how successful Coinbase’s launch was. On the first day that Coinbase was listed on the NASDAQ, its capitalization hit $100 billion at one point, eventually ending the day at $85.5 billion.
After this most recent announcement, XRP jumped 6% but has retraced slightly to $0.99.
