{"id":562653,"date":"2023-11-27T20:00:47","date_gmt":"2023-11-27T20:00:47","guid":{"rendered":"https:\/\/uniquehot.com\/?p=562653"},"modified":"2024-06-11T08:12:15","modified_gmt":"2024-06-11T08:12:15","slug":"ripple-ipo-may-be-delayed-why","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/ripple-ipo-may-be-delayed-why\/","title":{"rendered":"Ripple IPO May Be Delayed, Crypto Pundit Gives Reasons Why"},"content":{"rendered":"
Crypto Pundit, Dushyant Shahrawat has suggested that the decline in the global financial technology companies may result in a delay in the highly anticipated Ripple IPO.\u00a0<\/span><\/p>\n An XRP community member, <\/span>Crypto Eri<\/span><\/a> has shared details about <\/span>Ripple<\/span><\/a> IPO\u2019s timeline in a post on X (formerly Twitter). The X post briefly shed light on a recent <\/span>interview<\/span><\/a> on NASDAQ Trade Talks, between global markets Reporter, Jill Malandrino and investment banker at Rosenblatt Securities, Dushyant Shahrawat.<\/span><\/p>\n When asked about his views on the current state of the financial technology industry, Shahrawat emphasized the declining performance of some major fintech companies. He mentioned companies like <\/span>Block which had experienced major declines this year<\/span><\/a> and saw its shares dropping more than 80% from its all-time high.<\/span><\/p>\n Shahrawat has stated that the underperformance of these fintech companies could result in a delay for cryptocurrencies scheduled to go public. He mentioned prominent names like <\/span>Circle<\/span><\/a> and <\/span>Ripple<\/span><\/a>, which had declared its intentions to initiate an IPO by 2024.\u00a0<\/span><\/p>\n \u201cYou can walk the hallways here, you’ve got Circle, Ripple, all the private fintech companies, unicorns, that were waiting in the wings to go public. That time frame (to IPO) got pushed back a little bit, quite a bit,\u201d Shahrawat stated in the interview.\u00a0<\/span><\/p>\n Despite <\/span>financial specialists predicting an early 2024 launch for the Ripple IPO<\/span><\/a>, Shahrawat has hinted that a minor delay might be in store, at least until the bearish trend in the fintech sector shows signs of recovery.\u00a0<\/span><\/p>\n A blockchain researcher and XRP community member, Collin Brown has also highlighted reasons contributing to <\/span>Ripple\u2019s IPO<\/span><\/a> delay. Brown has disclosed that the present market conditions and the <\/span>intensified regulatory scrutiny on Binance <\/span><\/a>are the driving forces behind the postponement of Ripple\u2019s IPO.\u00a0<\/span><\/p>\n \u201cThe Ripple IPO is being delayed due to market circumstances, as well as the need for the SEC and BlackRock to crack down on Binance. Now that the path is clear, they will likely prepare for another correction. This will allow Wall Street giants to buy Bitcoin and XRP at lower prices,\u201d Brown said.\u00a0<\/span><\/p>\n The researcher has also stated that the <\/span>price of XRP<\/span><\/a> could be pushed toward $50 soon. This prediction is based on the <\/span>potential approval of Bitcoin ETFs<\/span><\/a> by the United States Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n \u201cFormer NYSE President believes a Bitcoin ETF will attract a flood of money into the industry. Easier access to BTC will likely drive adoption and investment. Once the bitcoin ETF is approved, the XRP ETF will follow suit, pushing the price to $50 per XRP,\u201d Brown <\/span>said<\/span><\/a>.<\/span><\/p>\n <\/p>\n Crypto Pundit, Dushyant Shahrawat has suggested that the decline in the global financial technology companies may result in a delay in the highly anticipated Ripple IPO.\u00a0 FinTech Challenges May Push Back Ripple IPO Timeline An XRP community member, Crypto Eri has shared details about Ripple IPO\u2019s timeline in a post on X (formerly Twitter). The X post briefly shed light on a recent interview on NASDAQ Trade Talks, between global markets Reporter, Jill Malandrino and investment banker at Rosenblatt Securities, Dushyant Shahrawat. Related Reading: Road To $1: Why Did Terra Classic (USTC) Rise 300% In One Day? When asked about his views on the current state of the financial technology industry, Shahrawat emphasized the declining performance of some major fintech companies. He mentioned companies like Block which had experienced major declines this year and saw its shares dropping more than 80% from its all-time high. Shahrawat has stated that the underperformance of these fintech companies could result in a delay for cryptocurrencies scheduled to go public. He mentioned prominent names like Circle and Ripple, which had declared its intentions to initiate an IPO by 2024.\u00a0 \u201cYou can walk the hallways here, you’ve got Circle, Ripple, all the private fintech companies, unicorns, that were waiting in the wings to go public. That time frame (to IPO) got pushed back a little bit, quite a bit,\u201d Shahrawat stated in the interview.\u00a0 Despite financial specialists predicting an early 2024 launch for the Ripple IPO, Shahrawat has hinted that a minor delay might be in store, at least until the bearish trend in the fintech sector shows signs of recovery.\u00a0 IPO Delay Amidst Regulatory Actions A blockchain researcher and XRP community member, Collin Brown has also highlighted reasons contributing to Ripple\u2019s IPO delay. Brown has disclosed that the present market conditions and the intensified regulatory scrutiny on Binance are the driving forces behind the postponement of Ripple\u2019s IPO.\u00a0 \u201cThe Ripple IPO is being delayed due to market circumstances, as well as the need for the SEC and BlackRock to crack down on Binance. Now that the path is clear, they will likely prepare for another correction. This will allow Wall Street giants to buy Bitcoin and XRP at lower prices,\u201d Brown said.\u00a0 Related Reading: Whales Move $30 Million Worth Of XRP To Exchanges \u2013 Time To Sell? The researcher has also stated that the price of XRP could be pushed toward $50 soon. This prediction is based on the potential approval of Bitcoin ETFs by the United States Securities and Exchange Commission (SEC).\u00a0 \u201cFormer NYSE President believes a Bitcoin ETF will attract a flood of money into the industry. Easier access to BTC will likely drive adoption and investment. Once the bitcoin ETF is approved, the XRP ETF will follow suit, pushing the price to $50 per XRP,\u201d Brown said. XRP price drops to $0.6 | Source: XRPUSD on Tradingview.com Featured image from Inside Bitcoins, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562656,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[2060,90454,5720,89928,3680,89671,89927,17209,90453,4531,83637,13172,89506,10972,78763],"class_list":["post-562653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-fintech","tag-fintech-news","tag-ipo","tag-ipo-news","tag-ripple","tag-ripple-ipo","tag-ripple-ipo-news","tag-ripple-news","tag-ripple-public","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-performance","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nFinTech Challenges May Push Back Ripple IPO Timeline<\/h2>\n
IPO Delay Amidst Regulatory Actions<\/h2>\n
XRP price drops to $0.6 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n