Ripple’s Brad Garlinghouse Hints Firm May Seek IPO Within 12 Months
The Ripple CEO said at Davos an initial public offering is seen as the “natural evolution for the company,” perhaps even this year.
Ripple Labs and CEO Brad Garlinghouse are suing YouTube over allegations that the video streaming giant has failed to police its platform against fake XRP giveaway scams, resulting in monetary damage to users and reputational harm to Ripple.
While the lawsuit against Ripple Labs still alleges the firm broke securities laws, the plaintiffs now seem to be hedging their bets.
Ripple's court filing says CEO Brad Garlinghouse could still be "long" on XRP and sell a claimed 67 million tokens on the open market.
A lawsuit claiming Ripple violated U.S. securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.
XRP will have another lackluster year in 2020, Galaxy Digital CEO (and Ripple shareholder) Mike Novogratz told a roomful of financial advisers.