SEC Lawsuit Status Impacts Ripple IPO Plans, CEO Explains
- Ripple CEO Brad Garlinghouse says company will acquire firms, not pursue an IPO
- Garlinghouse cited the ongoing SEC lawsuit as a hurdle for a Ripple IPO
- The SEC lawsuit is nearing conclusion, with settlement talks underway
Ripple’s CEO Brad Garlinghouse has hinted at the company’s plans to acquire blockchain infrastructure companies. In a recent interview, Garlinghouse stated that Ripple will not pursue an IPO to raise funds.
According to him, the firm will channel its energy towards organic growth, following up with the planned acquisitions.
Garlinghouse Details Ripple’s Growth Strategy
Garlinghouse’s statement highlights Ripple’s ongoing developmental efforts, suggesting the brand has used its payment solution to expand operations, revenue, and customer base without relying on external funding.
Garlinghouse also disclosed Ripple’s intention to acquire companies that complement its existing business and enhance expansion capabilities.
Ripple Targets Core Blockchain Infrastructure Firms
Although Garlinghouse did not specify potential targets, he noted that Ripple was interested in firms that provide core blockchain infrastructure sim…
The post SEC Lawsuit Status Impacts Ripple IPO Plans, CEO Explains appeared first on Coin Edition.
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SEC Lawsuit Status Impacts Ripple IPO Plans, CEO Explains
- Ripple CEO Brad Garlinghouse says company will acquire firms, not pursue an IPO
- Garlinghouse cited the ongoing SEC lawsuit as a hurdle for a Ripple IPO
- The SEC lawsuit is nearing conclusion, with settlement talks underway
Ripple’s CEO Brad Garlinghouse has hinted at the company’s plans to acquire blockchain infrastructure companies. In a recent interview, Garlinghouse stated that Ripple will not pursue an IPO to raise funds.
According to him, the firm will channel its energy towards organic growth, following up with the planned acquisitions.
Garlinghouse Details Ripple’s Growth Strategy
Garlinghouse’s statement highlights Ripple’s ongoing developmental efforts, suggesting the brand has used its payment solution to expand operations, revenue, and customer base without relying on external funding.
Garlinghouse also disclosed Ripple’s intention to acquire companies that complement its existing business and enhance expansion capabilities.
Ripple Targets Core Blockchain Infrastructure Firms
Although Garlinghouse did not specify potential targets, he noted that Ripple was interested in firms that provide core blockchain infrastructure sim…
The post SEC Lawsuit Status Impacts Ripple IPO Plans, CEO Explains appeared first on Coin Edition.
Read More