NASDAQ Congratulates Ripple on METACO Acquisition: Is IPO Ready?

New Ripple Report Sheds Light on Future of Payments

Ripple’s acquisition of Swiss institutional custodian company Metaco was a notable event in the crypto industry. And the NASDAQ congratulations, which were addressed to Ripple, stirred up rumors about a potential Ripple initial public offering (IPO).

Brad Garlinghouse, CEO of Ripple, previously acknowledged the possibility of an upcoming initial public offering (IPO) following the end of the US SEC lawsuit.

Ripple acquired Metaco for $250 million on May 17, demonstrating its appetite for growth and its willingness to enter the digital asset custody and tokenization scene.

Such attention from Nasdaq, a major hub for publicly traded firms, hints at potential future prospects between Ripple and the brokerage platform. Ripple, still privately owned, has been considering an IPO for a long time, but legal battles with the US Securities and Exchange Commission (SEC) have put a brake on those plans. Nasdaq’s acknowledgment of Ripple’s latest business move could serve as subtle publicity if Ripple decides to go public, and could potentially draw more attention from investors.

Potential IPO of Ripple and conditions for entering the exchange

In recent years, several cryptocurrency firms such as Coinbase Global Inc have successfully gone public and are now listed on the Nasdaq. Ripple, with its significant presence and influence in the crypto industry, could potentially achieve a similar result. However, before considering an IPO in the United States, Ripple must settle its ongoing securities lawsuit with the SEC. A favorable outcome is critical for Ripple to gain regulatory clarity and attract additional investors through a public listing.

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