Ripple Labs may eventually become a public traded company. Speaking at the 2020 World Economic Forum in Davos, Ripple CEO Brad Garlinghouse predicted a wave of crypto IPOs. The executive hinted that Ripple would be among those crypto companies going public in 2020 or early in the new year.
Going public would open another window for people to invest in Ripple. Currently, the only way for non-accredited investors to invest is through purchasing its XRP token. When and if Ripple becomes a publicly traded company, people would be able to invest in its stock as well. Moreover, entering the public market would increase opportunities for investors seeking blockchain stocks.
Notable Ripple investors include Google parent Alphabet, IDG Capital Partners, Andreessen Horowitz, and Lightspeed Venture Partners. Ripple has raised $294 million from investors through more than a dozen private funding rounds.