{"id":33405,"date":"2025-06-24T13:01:35","date_gmt":"2025-06-24T13:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33405"},"modified":"2025-06-24T13:01:35","modified_gmt":"2025-06-24T13:01:35","slug":"ripple-ipo-could-break-records-deaton-predicts-100-billion-valuation","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33405","title":{"rendered":"Ripple IPO Could Break Records\u2014Deaton Predicts $100 Billion Valuation"},"content":{"rendered":"
\n

Pro-XRP attorney John E. Deaton reignited speculation over a Ripple initial public offering late on Monday, arguing on X that the timing is now a big factor. Deaton noted that stablecoin issuer Circle\u2019s public float has shown what deep, liquid US equity markets will tolerate, and suggested that if Circle can command a 62-75 billion market cap, then Ripple could even surpass a $100 billion valuation.<\/p>\n

\u201cI know Brad Garlinghouse said Ripple is NOT in a rush to go public. They certainly don\u2019t need to raise capital, which is often a primary reason to go public. But TIMING an IPO is also a big consideration. If Circle can hit a $62B-75B market cap then Ripple, with nearly 40B XRP, currently valued at $2 (ie $80B), could certainly hit a $100B market cap in this environment,\u201d Deaton wrote<\/a> via X.<\/p>\n

Ripple\u2019s Fast-Rising Private Valuation<\/h2>\n

His comments dropped just days after Ripple opened a $700 million tender offer that prices private shares at $175\u2014a 135 percent premium to recent secondary trading on Hyve and nearly triple the $65 tender executed two summers ago.<\/p>\n

The latest price implies an equity valuation of roughly $25 billion for the 141 million shares outstanding. January\u2019s buy-back had cleared at $125, underscoring how quickly insiders are marking the company higher. Internal deal documents circulated with the offer show $3.7 billion in cash, zero debt, and 41 billion XRP on the balance sheet\u2014assets worth about $94 billion at spot or $47 billion using a fifty-percent haircut.<\/p>\n

For now, though, management insists liquidity events are simply housekeeping. \u201cIPO is not a priority<\/a>,\u201d CEO Brad Garlinghouse told shareholders in the tender-offer email that accompanied the latest buy-back.<\/p>\n

However, regulatory overhang could be the main gating factor. In March the US Securities and Exchange Commission withdrew its appeal<\/a> of Judge Analisa Torres\u2019s 2023 ruling that programmatic XRP sales are not securities, a move Garlinghouse hailed as a \u201clong-overdue surrender.\u201d<\/p>\n

The agency and Ripple then negotiated a framework to dissolve the remaining injunction and split a previously imposed $125 million penalty, with $75 million returning to Ripple\u2019s treasury and $50 million going to the SEC; that joint motion was filed on June 13<\/a> and awaits Torres\u2019s sign-off. An earlier $50 million proposal was bounced in May for procedural defects, but the latest submission is widely expected to close the book on the five-year litigation.<\/p>\n

Deaton\u2019s $100 billion figure rests on treating Ripple\u2019s XRP escrow as a de-facto asset base and assuming public investors will capitalize it at\u2014or even above\u2014spot value. That approach departs from how Wall Street valued Circle, whose June 4 New York Stock Exchange debut raised $1.1 billion at a $6.9 billion equity valuation even though roughly $62 billion in USDC circulates on-chain.<\/p>\n

Skeptics point out that Circle\u2019s tokens are liabilities, not residual assets, and that public-market investors have historically resisted paying dollar-for-dollar for native coins held by an issuer. Nevertheless, even excluding the escrow entirely, Ripple\u2019s cash, securities and operating income already underpin a double-digit billion valuation that could expand sharply if XRP remains above $2.15.<\/p>\n

Could Ripple Top Coinbase\u2019s Record?<\/h2>\n

If Ripple were to float at a fully-diluted $100 billion, it would eclipse Coinbase\u2019s $86 billion landmark direct listing in April 2021 and set a new high-water mark for a crypto-native equity listing. Deaton\u2019s thesis thus frames a potential record-breaker at the intersection of two forces: a legal d\u00e9tente that removes the core regulatory discount and a still-expanding XRP treasury whose mark-to-market value increasingly dwarfs Ripple\u2019s current private-share price.<\/p>\n

Judge Torres\u2019s decision on the June 13 motion is the next catalyst. If she signs off, Ripple will emerge from the SEC saga with both a leaner penalty and a courtroom vindication it can take on the roadshow circuit.<\/p>\n

Garlinghouse has repeatedly said the company is \u201cnot in a rush,\u201d but the tender-offer terms expire July 9, and investors will parse any subsequent corporate filings or NASDAQ Private Market communications for hints of a registration statement.<\/p>\n

At press time, XRP traded at $2.168.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Pro-XRP attorney John E. Deaton reignited speculation over a Ripple initial public offering late on Monday, arguing on X that the timing is now a big factor. Deaton noted that stablecoin issuer Circle\u2019s public float has shown what deep, liquid US equity markets will tolerate, and suggested that if Circle can command a 62-75 billion […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33405","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33405"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33405\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}