Forex

Ripple Goes Public After Lawsuit


SBI Holdings CEO Yoshitaka Kitao spoke At the financial results briefing of SBI Holdings (SBI) for the first quarter of 2021. He mentioned the IPO (initial public offering) of Ripple Labs and R3 Limited.

Kitao said Ripple will go public after the ongoing SEC case in the US is over.

 

During the meeting, SBI Holdings Board Member Kitao spoke about the “innovative” companies that the SBI has invested in so far.

SBI claim that Ripple and R3 plan to go public.

Kitao said,

Ripple will go public after the ongoing lawsuit. Chris wants to do this.

Kitao said R3, whose largest shareholder is SBI, will follow a similar path and go public. R3 is known for its blockchain project called Corda. During the meeting, the advantages offered by blockchain technology were also mentioned.

Ripple CEO Brad Garlinghouse spoke to WSJ about Initial Public Offerings at the World Economic Forum  in Davos in January 2020 said:

“There will be some public offerings in the cryptocurrency / blockchain industry over the next 12 months. We  will neither be the first nor the last, but I believe we will be among the pioneers. This would be a natural evolution for our company. ”

Garlinghouse announced this week that he is “pleased” with how their legal fight against the SEC since December 2020 is going so far.

Read Details: Ripple CEO on Fox Business: “Very Satisfied The Way We’ve Covered The Case

Ripple has not announced a clear roadmap for going public.

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