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Ripple Stock Hints at IPO in Job Posting

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The CEO of Ripple has previously made suggestions that the company might take itself public.

A job listing for a senior manager position in shareholder communications was released by Ripple, the blockchain payments business that created XRP and is responsible for interacting with both current and new investors. This has given rise to rumors that Ripple wants to go public and float its stock on a stock exchange.

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The position will involve direct shareholder interaction and strategy development for significant occasions like mergers, acquisitions, and “liquidity events” (a word sometimes used to refer to Initial Public Offerings, or IPO). According to the job description, the manager would be in charge of producing presentations, fact sheets, and other materials for investors to learn about Ripple’s commercial potential and financial performance. These are typical duties needed to get a business ready for an IPO procedure.

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The position would also be responsible for organizing quarterly updates and keeping a shareholder database, which are essential tasks for a publicly traded corporation with external shareholders.

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Plans to go public have not yet been formally disclosed by Ripple. Brad Garlinghouse, the CEO of Ripple, has however said that an IPO is a possibility. “Once we’re past this lawsuit with the SEC, we’ll take a look at.”

Following a significant court victory for Ripple over the Securities and Exchange Commission (SEC), a job posting was made. This month, a US court denied the SEC’s request to appeal the decision that some XRP dividends were not securities.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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