A former Ripple executive believes that if Ripple goes public, it could be a significant milestone, particularly given its estimated valuation.
In a recent post, Sean McBride calculated that Ripple’s latest tender offer indicates a company worth around $30 billion.
The Largest IPO Ever
McBride arrived at this figure after Ripple announced plans to repurchase $700 million in shares at a set price of $175 each. This buyback initiative was shared in a statement to current shareholders.
To estimate the $30 billion value, McBride multiplied the offer price of $175 by the number of shares outstanding. He noted that if Ripple does move forward with an IPO at this valuation, it would break records for being the largest ever.
According to data from Renaissance Capital, Saudi Arabia’s IPO holds the previous record, raising about $25.6 billion back in 2019. The IPO in September 2014 ranks second at approximately $21.7 billion.
With Ripple’s $30 billion valuation, McBride suggested it could eclipse all previous IPO milestones. He called this estimate “unreal,” stressing how extraordinary an IPO at that scale would be for Ripple.
Potential Timeline for Ripple’s IPO
Interest around Ripple’s possible IPO has surged recently, with many experts trying to predict when this might happen.
Last year, McBride indicated that Ripple might consider going public outside the U.S. by 2025, which he said during a particularly intense period of the Ripple lawsuit.
Financial analyst Linda P. Jones has also speculated that Ripple could make its IPO debut later this year. However, in a recent discussion, McBride indicated that an IPO isn’t imminent.
While major crypto companies like Circle and Coinbase are already public, Ripple doesn’t seem focused on IPOs for cash reserves.
Instead, the company is concentrating on its growth, currently valued at $1.25 billion, which includes its recent acquisition of Hidden Road. Ripple also previously aimed to acquire Circle, a major stablecoin issuer, before its own public offering, which raised $1.14 billion.
