Ripple, along with XRP, is getting a significant position in the crypto world. XRP is now the 4th largest digital asset in the world. The company has been funded from 2013, and it has successfully raised $292 million with the help of prominent VC players like IDG Capital Partners, SBI Holdings, Google Ventures, etc.
CEO of Ripple, Brad Garlinghouse, has announced plans that the company is going public in 12 months. In an interview at World Economic Forum 2020, he hinted that few crypto/blockchain companies would go public with their IPOs this year.
There are reports that it might be true as there is a significant drop in venture capital funding for Blockchain companies in 2019.
Ripple, after going public, will allow its investors to invest in the company shares. Some believe that after going public, Ripple will have to share its balance sheets with institutional investors and the public. People will get to know the finances behind the XRP sales, and if the majority of people don’t like how the business works, things will become worse for Ripple.
Some analysts believe that Ripple’s lack of progress shows that hard times are still to come.