TechFlow news — Ripple CTO David Schwartz said that if Ripple had been founded outside the United States, it might already be a publicly traded company. In a post on X, he discussed Ripple's unexpected path in not having an IPO, emphasizing that he had long expected the company to go public.
Some believe Ripple issued the XRP token instead of pursuing an IPO to raise funds, but Schwartz countered that he never viewed XRP's launch as equivalent to an IPO. He insisted on being paid in Ripple stock, as he consistently saw going public as the route to profitability.
Additionally, financial expert Linda Jones indicated that Ripple is most likely to go public in May 2024, based on expectations of a bullish crypto market, deflationary trends, and lower interest rates.
Schwartz's remarks reflect internal frustration at Ripple over the lawsuit brought by the U.S. Securities and Exchange Commission. The ongoing litigation is expected to conclude next year.
