Brad Garlinghouse, Ripple CEO, expects crypto / blockchain IPOs to over the next year, and hinted Ripple would be early in that pack (though no the first). Ripple raised a $200m Series C last month valuing the company at $10b.
Ripple has raised a total of $293.6 million in funding to date, according to Crunchbase. It remains to be seen how much more Ripple ends up raising in an IPO. Earlier this week, Ripple reported sales figures of XRP for the fourth quarter and saw an 80% drop. The firm sold a total of $13.08 million in XRP in Q4, compared with $66.24 million in the previous quarter. The Q4 sales figures are the lowest in the past three years, according to The Block's research. The price of XRP also declined by 22% during Q4.