Ripple CEO Brad Garlinghouse had some interesting things to say at the World Economic Forum.
Speaking to the Wall Street Journal in Davos, Garlinghouse hinted that the blockchain-based payments giant may go public within the next 12 months, saying that it’ll be a “natural evolution” for the company.
“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
Ripple ended 2019 with a bang by reaching decacorn status following a blockbuster $200 million Series C round. As The Block notes, Series C rounds are normally the last step before a goes public, and given the nearly $300 million the company has so far raised, it would be interesting to see how much they could get in an IPO.
Photo: TechCrunch