Ripple's CEO Brad Garlinghouse said during a panel at the World Economic Forum in Davos the company could hold an IPO in 12 months, the Wall Street Journal reports.
According to the newspaper, the company's CEO said:
"In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company."
The news comes shortly after the company attracted a total of $200M last month in a series C financing round, which is usually the step all companies take before going public. As a result of the funding round, the company's market value skyrocketed to $10B.
It must be noted the firm has raised over $290M to date. However, it is still unknown how much money it could raise during its IPO.
However, all the news about the company are not that positive, as just a few days ago iHodl reported that, according to Ripple, the sales of the XRP token dropped by 80% in the fourth quarter. According to the company, XRP sales reached a total of $13.08M, up from the $66.24 million reached in the previous quarter.
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