IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600?

#XRP Map: fiatleak.com/xrp

One thing that has emerged that could influence the XRP price has been the possibility of Ripple carrying out an Initial Public Offering (IPO). This would mean that shares of the crypto firm would become publicly tradable like that of Coinbase’s COIN stock. However, even more prominent among investors is the possibility of how high the price of the shares could trade.

Financial Expert’s Ripple Video Resurfaces

The rumors had first begun with some members of the XRP community talking about a possible IPO. Like rumors are wont to do, it quickly took on a life of its own and grew from there. But the most interesting thing so far has been the resurrection of a video of financial expert Linda Jones talking about a possible valuation for Ripple.

Jones had put forward a valuation of $5.7 billion for a possible stock, which placed the single share price at $35 apiece at the time, using data from the Linqto platform. She points to the XRP in circulation which comes out to over $21 billion. Given this, she believes that Ripple’s stock valuation at $35 is too low.

Comparing Ripple to Coinbase which IPO’d at an $86 billion valuation, the financial analyst points out that Ripple stock would be valued much higher. She takes into account the market cap of the XRP supply as well, at which point she arrives at a $107 billion valuation. In this case, the value of Ripple stocks comes out to 20x higher than what they were valued at the time that the interview was made.

Read More: https://www.newsbtc.com/analysis/xrp/xrp-price-ripple-stock-600/