Top Wall Street Investment Firms Participate in Ripple IPO Roadshow

Top Wall Street investment firms participate in Ripple’s private roadshow, signaling a growing interest in a potential initial public offering (IPO).

In a significant development highlighting Ripple’s growing enthusiasm, top investment firms on Wall Street recently participated in a private marketing event to generate interest in a possible Initial Public Offering (IPO) for the company.

In a recent tweet, Eleanor Terrett, a journalist at Fox Business, revealed that Ripple hosted a private “roadshow” in April to attract potential investors and generate interest in Ripple’s IPO. She noted that numerous reputable institutional investment firms on Wall Street reportedly attended the event.

?NEW: In April, @Ripple hosted a private «road show» (a marketing event where a company and its underwriters meet with potential investors to generate interest in an IPO). I’m told it was attended by just about every reputable institutional investment firm on the Street. https://t.co/fyTzi6pr0W

— Eleanor Terrett (@EleanorTerrett) June 1, 2023

Notably, this update from the UK journalist comes shortly after The Crypto Basic reported that an expert analyst previously delivered an estimate of Ripple’s valuation, presenting a situation where each share goes for $600 following a successful public listing.

Terrett emphasized that Ripple’s move in April does not indicate an immediate IPO announcement in the coming months. She highlighted that preparing for an IPO typically takes a minimum of six months.

However, the fact that Ripple engaged in discussions with prominent Wall Street analysts during the road show signifies its commitment to exploring the possibility of going public.

Pro-XRP Lawyer Weighs in

Following Terrett’s tweet, prominent XRP lawyer, John Deanton, shared his perspective on the matter. He stated that if Ripple wins the ongoing legal battle with the US Securities and Exchange Commission (SEC) or receives a lenient ruling, along with a determination that XRP sales are not securities, the lawsuit could ultimately benefit Ripple.

“If Ripple wins the SEC lawsuit along with a ruling that ongoing and future sales of XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple,” the lawyer remarked.

If @Ripple wins the SEC lawsuit or gets the functional equivalent of a slap on the wrist, along with a ruling that ongoing and future sales of #XRP are not securities, the lawsuit will prove a blessing in disguise for Ripple. https://t.co/ZJePtSaBAk

— John E Deaton (@JohnEDeaton1) June 1, 2023

Deaton’s comment implies that Ripple may find itself in a more favorable position by the end of the litigation, enabling the company to leverage its technology and expand its presence in the blockchain industry.

Ultimately, Ripple’s ability to attract the interest of influential institutional investors through the roadshow underscores the growing interest in the company amid its resilience despite the legal hurdles stationed by the SEC lawsuit.

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