Although the Ripple IPO timeline is unknown, Ripple filings clearly state that a qualified public offering (including IPO, SPAC or Direct Listing) must meet the following minimum criteria: The company must receive at least $50,000,000 net aggregate gross proceeds from the sale of its equity securities. Ripple Lab's public offering stock price will be determined by dividing $650,000,000 by the number of shares of Class A Common Stock prior to closing.
In July 2023, Ripple CEO Brad Garlinghouse, has said the private company will explore the possibility of an IPO now that the SEC legal battle has concluded with a positive outcome.
The company is reportedly in the early stages of going public as top institutional investment firms participated in a private roadshow April 2023.
Ripple has not announced an official IPO date, IPO stock price, or filed a registration statement Form S-1 with the SEC.