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Ripple CEO Brad Garlinghouse Predicts IPOs Will Become More Prevalent In The Crypto And Blockchain S

Brad Garlinghouse, the CEO of Ripple, predicts that initial public offerings (IPOs) will become more prevalent in the cryptocurrency and blockchain space in 2020.

CEO Brad Garlinghouse has hinted that Ripple may pursue an IPO, saying he expects more industry firms to pursue public flotation in 2020 — cryptotothemoon (@cryptotothemoo1) January 24, 2020

On January 23, it has been reported that Garlinghouse hinted that Ripple would itself be one of those firms to seek a public flotation.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” –@bgarlinghouse at #WEF20 — Asheesh Birla (@ashgoblue) January 23, 2020

IPO refers to the process of offering the shares of a private corporation to the public in a new stock issuance. For this reason, it is sometimes referred to as “going public,” or as “floating” corporate shares to the wider market.

However, the cryptocurrency industry has to date focused its energies on initial coin offerings (ICO), which evolved as an alternative issuance model for still-young, innovative firms that spared them many of the cumbersome legal and regulatory processes involved in a traditional IPO.

It has been analyzed that the space matures and in the wake of the post-boom ICO rout, which saw many offerings exposed as either outright fraudulent or simply unsuccessful, some firms are now seeking to build confidence with mainstream investors by way of public listings on traditional stock exchanges, with all of the red tape and financial disclosures that implies.

Thus, Garlinghouse believes that it will consolidate in the near future, even as some of the industry’s largest players have thus far struggled to meet the stringent requirements of an IPO. 



#BradGarlinghouse #2020Prediction #Ripple #CryptoNewsPoint #cryptocurrencies #DigitalNotice #blockchain

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