He had gone further to state that he expected more companies in the crypto/blockchain space to go public in the course of the year – and Ripple would definitely be on the “leading side”. The report of some investors planning to dump their Ripple shares at a discount means they think the firm is not going public any time soon.Īs previously reported, Ripple’s Garlinghouse mentioned that the company was considering an initial public offering (IPO) in 2020 while speaking during the Davos World Economic Forum summit. #Ripple series tetragon 10b series#Their latest funding was raised on from a Series B round. Ripple’s Plans To Take The Company Public Ripple has raised a total of 293.8M in funding over 14 rounds. This means that they believe Ripple has a valuation of approximately $6-$6.5 billion. The prospective sellers are willing to unload their Ripple equity holdings at a discount of as much as 40% from the valuation acquired during the Series C funding round. “I have access to two blocks of Ripple at a substantial discount to the last fund raise.” An anonymous source told BTCTimes that the two investors – one from America and the other one from China – could be eyeing to offload their equity stake in Ripple at a sizable discount. Surprisingly, one of them is actually an early-stage investor. At the time, Ripple CEO Brad Garlinghouse emphasized how the company had accelerated its momentum in boosting the adoption of its cryptocurrency XRP while other companies in the industry shut down.Įight months later and two Ripple investors don’t think the company is really worth $10 billion. The round reportedly valued the blockchain firm at $10 billion. Back in December 2019, Ripple announced that it had raised $200 million in a Series C funding round led by Tetragon and Japan’s SBI Holdings.
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