Ripple IPO: Wall Street Veteran Explains Why Shares Could Surge 2000% Before Public Listing
31 Januar 2024 - 12:00PM
NEWSBTC
Pro-XRP Wall Street financial analyst Linda Jones recently shared
her thoughts on a potential Ripple Initial Public Offering (IPO).
Specifically, she elaborated on her belief that the crypto firm was
currently undervalued and how the company’s stocks could still rise
before it went public. Why Ripple’s Stock Could Be Worth 20
Times Its Current Price Linda Jones used Coinbase’s IPO as a mirror
to explain why Ripple’s stock could be worth 20 times its current
valuation. She noted that Coinbase was valued at $86 billion when
it initially went public, and its stocks traded for as high as $429
during that period. If Ripple were to follow a similar path, then
its stock price would be worth more than the $35, which it is
currently valued at by private equity platform Linqto, Jones
claimed. Related Reading: Skybridge Capital CEO Reveals When
Bitcoin Price Will Reach $170,000 Interestingly, the analyst
factored in Ripple’s escrowed XRP holdings while trying to estimate
how much the crypto firm could eventually be valued. According to
her, Ripple could be valued as high as $107 billion if those
escrowed funds (said to be worth $21 billion) are added to the $86
billion (if Ripple were to be valued similarly to Coinbase). Going
by Jones’ analysis, Ripple having a valuation of $107 billion means
that the company’s stocks could trade at $600 on the first day of
being publicly listed. The analyst then went on to lay out a
possible scenario where Ripple is valued at more than $107 billion,
the amount under consideration. XRP price at $0.5 | Source:
XRPUSD On Tradingview.com How Ripple Could End Up Being Worth Half
A Trillion Linda Jones also mentioned that Ripple could end
up being worth half a trillion if the SEC’s case against Ripple
were to end soon and XRP rises back to its all-time high (ATH). If
the latter happens, Ripple’s escrowed XRP holdings will be worth
around $150 billion. That could ultimately increase Ripple’s value
to about $500 billion, the analyst claims. Related Reading:
Dogecoin On The Verge Of Breakout: Crypto Analyst Says Get Ready
For DOGE To Pop Jones believes that Ripple being valued at $500
billion during the IPO isn’t farfetched, considering that there are
companies that are already valued at up to a trillion. She further
compared Ripple to the likes of Apple, Microsoft, and Nvidia,
suggesting that the crypto firm could match up to these blue chip
companies. The financial analyst’s belief in Ripple’s
potential is why she boldly claims that purchasing Ripple’s stock
now is a great investment, as it will only go “up” from here. She
also predicts that there could be a new record for a company at its
valuation, and Ripple could be that company. Chart from
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