Brad Garlinghouse, CEO of Ripple, said the company could get public status over the next 12 months.
According to him, the initial public offeringshares (IPO) is part of the “natural evolution” organizations. Adding that although Ripple is far from the first company from the crypto industry to take such a step, it hopes to take a leading position.
The announcement comes a month after the company raised $200 million in Series C funding to expand itsactivities. Then Ripple was estimated at $ 10 billion.
In addition to $ 1.22 billion from the implementation of XRP, today the blockchain company in total has raised about $ 264 million from external sources. Although in the fourth quarter of 2019, its sales fell by 80%.
Speaking at the World Economic Forum in Davos, Brad Garlinghouse also said that he is in contact with the US Securities and Exchange Commission, discussing the issue of XRP regulation.
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