Ripple job posting stirs new rumors about company’s IPO plans Ripple job posting stirs new rumors about company’s IPO plans
Ripple's CEO Brad Garlinghouse previously suggested that the company might go public after its case with the U.S. SEC has concluded.
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Updated: Oct. 18, 2023 at 3:19 am UTC
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A recent job posting for a Shareholders Communication Senior Manager at Ripple has led to increased speculation about the cryptocurrency firm’s plans to go public.
The job
Ripple (XRP) is seeking candidates for Shareholders Communication Senior manager in its New York, Miami, and London, U.K. offices, according to its website.
The role entails managing communication and relationships with various stakeholders, including current and potential investors, shareholders, financial analysts, and more. The office holder will collaborate closely with internal Ripple teams and report directly to the Senior Vice President of People, Places, and Communications.
Candidates for this position should have at least five years’ experience in investor relations, equity research, analyst relations, hedge funds, asset management, or related fields, along with a strong understanding of cryptocurrency. The base salary for this role falls within the range of $143,792 to $179,740.
Is Ripple planning an IPO?
Rumors have been circulating amongst the XRP community about Ripple’s potential IPO, even though the company has not yet made any official announcement. Notably, members of the XRP community, including popular figure WrathofKahneman, have suggested that the current open positions in the company might indicate an expectation of it going public despite there being little evidence beyond the job posting.
Last year, Brad Garlinghouse, Ripple’s CEO, suggested the possibility of an IPO, stating it could follow the conclusion of the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
Ripple has yet to respond to CryptoSlate’s request for comment as of press time.
It’s worth noting that Ripple would not be the first crypto company to go public in the United States if it pursues this path. In 2021, the cryptocurrency exchange Coinbase went public on the Nasdaq exchange through a direct stock listing.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Brad Garlinghouse stands at the forefront of financial technology as the CEO of Ripple.