Why this Attorney Believes Ripple Could Hit $100 Billion with the Launch of its Highly Anticipated IPO
2025-07-10 20:01:26
Main Idea
An attorney believes Ripple could reach a $100 billion market cap if it goes public, citing comparisons to Circle's successful IPO and Ripple's current valuation.
Key Points
1. Ripple's CEO, Brad Garlinghouse, has stated the company is not in a rush to go public, but timing an IPO is a significant consideration.
2. If Circle achieved a $62B-$75B market cap, Ripple, with its current $80B valuation (40B XRP at $2 each), could potentially reach $100B.
3. Circle's IPO raised $1.1 billion, with shares surging 675% from the initial price of $31 to $240.38.
4. At the time of reporting, Ripple's native token XRP was trading at $2.49.
5. The article notes that whether Ripple's IPO could outperform remains uncertain.
Description
Pro-Ripple attorney John Deaton has taken to X to share his outlook on the future of Ripple, with a key focus on how high the company’s valuation could go if it goes public.
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