Talk is building in the crypto world as Ripple, the company behind XRP, emerges as a strong contender for a major initial public offering (IPO). Following Circle’s eye-catching debut on the NYSE, rumors are swirling that Ripple could be next and some believe it might come with an “insanely stupid valuation.”
Popular crypto voice Pentoshi stirred the pot on X, saying Ripple could follow Circle’s lead and go public as early as late 2025 or early 2026. While there’s no official word from Ripple yet, the timing may be lining up.
Circle’s Success Raises the Stakes
Circle’s IPO was a standout. The company hit a $16.6 billion valuation on day one and reportedly left $1.72 billion on the table for underwriters. That kind of splash is now making other crypto firms, including Ripple, rethink their next moves.
Ripple’s current valuation sits around $11.3 billion. Meanwhile, XRP, the token it’s most known for, has a market cap of $132.68 billion, according to CoinMarketCap. Since XRP is treated separately, predicting Ripple’s potential IPO valuation isn’t straightforward.
CEO Brad Garlinghouse has hinted at going public before, but those plans were paused due to the company’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC). Now, Circle’s success might give Ripple the push it needs.
Pentoshi’s Post Sparks Debate
Pentoshi’s post, shared with his 866K followers, quickly got the crypto community talking. He suggested Ripple’s IPO is “coming” and hinted at a huge valuation, just like Circle’s.
Some users argued the IPO wouldn’t impact XRP’s price much.
One wrote, “An IPO at this point feels more like a formality than a surprise.” Another added, “The valuation will probably melt faces.”
Pentoshi also noted that XRP would continue to be used for payments, even if Ripple went public.
Could Ripple Be the Next Crypto IPO Star?
Ripple hasn’t confirmed anything yet, but the buzz around Circle’s IPO seems to be setting a trend. Gemini is already preparing to go public too, having just filed a draft registration with the SEC.
The big question: Will Ripple make a splash with a sky-high valuation, or will ongoing SEC issues hold it back?
Ripple’s IPO plans aren’t official yet, but the speculation alone is enough to shake up the market. If it happens, it could reshape how crypto companies think about going public. For now, the crypto community watches closely, waiting to see what Ripple does next.
