Leading fintech firm, Ripple, has recently publicized a job vacancy for a shareholder communications senior manager, reigniting conversations among the crypto community about the possibility of the company going public. This speculation was ignited due to the nature of the role which typically aligns with operations of publicly traded firms.
The new role, as detailed, mandates direct interactions with shareholders and emphasizes the development of strategic communication measures tailored for pivotal business occurrences, such as mergers, acquisitions, and notably, liquidity events. Key duties also involve crafting investor-centric materials – an essential aspect of pre-IPO preparations.
The Ripple community and several XRP enthusiasts on X (previously known as Twitter) interpret this job announcement as a subtle indication of an imminent IPO. This sentiment is reinforced by some of Ripple’s top brass who have previously hinted at an IPO, although no timelines were shared.
Despite Ripple’s recent legal tussle with the U.S. Securities and Exchange Commission (SEC), where XRP’s status as a security was challenged, the company emerged victorious in July with a ruling that XRP doesn’t classify as a security on digital asset platforms. Ripple’s leadership has frequently emphasized that a substantial portion of their remittance business is based outside the U.S., suggesting global growth despite the SEC challenges.
Source: https://cointelegraph.com/news/ripple-job-posting-possible-ipo-xrp-community-says
Image: https://unsplash.com/photos/nFLmPAf9dVc
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