Is Ripple Planning an IPO?
Ripple has published an advertisement for a “Shareholders Communications Senior Manager” with an annual salary range of $143,792 – $179,740, leading to speculation the company is considering an Initial Public Offering (IPO).
The community has been discussing the possibility of the Ripple IPO for so long. However, a new job opening is now acting as a catalyst for the speculations.
New Job Opening Propagates Rumor
Referring to the position of the “Shareholders Communications Senior Manager,” a community member wrote on X (Twitter):
“From my understanding, reason you need a Shareholders Communication Manager… is [it] for an IPO.”
Read more: Essential Tips for Writing a Web3 Resume That Will Land You the Job
The XRP developer is offering an annual compensation budget of $143,792 – $179,740 for the particular role. The job description mentions:
“In this role, you’ll be responsible for the communications and relationship management strategy/execution for key groups of existing and prospective investors, current shareholders and financial analysts.”
Furthermore, the candidate is expected to develop strategic plans and communications for the audience during events such as mergers and acquisitions, investments, and other “high-impact” moments. Is Ripple actually signposting an IPO when it says “high-impact” moments?
Cryptocurrency firms, including the crypto exchange Coinbase (COIN) and various mining companies such as Riot Platforms (RIOT), Marathon Digital Holdings (MARA), and many others, are already listed on the Nasdaq exchange.
Read more: The 7 Hottest Blockchain Stocks to Watch in 2023
Some community members argue that this role may not necessarily be for the IPO, stating that private shareholders exist. However, only an official statement from Ripple can end this speculation.
BeInCrypto has reached out to Ripple and is awaiting a reply.
In a separate development, the video gaming company Xsolla will allow XRP payment for their games such as Roblox. The company offers payment solutions to platforms like Valve, Twitch, Roblox, Ubisoft, and many more.
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