Ripple CEO Brad Garlinghouse Predicts IPOs Will Become More Prevalent In The Crypto And Blockchain Space In 2020
January 24, 2020
Brad Garlinghouse, the CEO of Ripple, predicts that initial public offerings (IPOs) will become more prevalent in the cryptocurrency and blockchain space in 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.
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.
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Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.
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