Ripple's New Job Listing Sparks IPO Speculation

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Ripple published a new job listing for a senior manager of shareholder communications, sparking speculation it may be preparing to go public.

BREAKING 🚨🚨 #Ripple Is Getting Ready For IPO. #XRPHolders #XRPCommunity pic.twitter.com/Orhn5dWyxN

— XRP CAPTAIN (@UniverseTwenty) October 16, 2023

Making the announcement on its website’s career page, Ripple described the role’s responsibilities as including communication with the company’s shareholders and investors, a task that is mainly carried out in publicly traded companies.

“With the CFO and other senior leaders, build and maintain meaningful relationships with analysts, and educate existing and prospective shareholders and investors on the company’s product/business strategy and goals, performance, financial position, and announcements,” Ripple wrote in the job advertisement.

The ad reaches out to candidates in New York City, Miami, and London.

If hired, the candidate would also be expected to “develop strategic plans and key messages” for ”existing and prospective investors, current shareholders, and financial analysts,” the ad said.

The role’s responsibilities also include strategic plans for “[mergers and acquisitions] M&A, investments, liquidity events, and other high-impact moments,” it said.

Ripple Job advert — **Source**: *ripple.com/careers*

The senior manager of shareholder communications will also be required to collaborate with the other teams and leaders to “create and update investor materials, including presentations, fact sheets, case studies, and analyses” to inform and educate potential investors about the company’s prospects and performance, Ripple said.

The chosen applicant will also be in charge of Ripple‘s events calendar for Investor Relations. This includes managing non-deal roadshows and giving CEO speeches at investor and analyst conferences centered around finance and cryptocurrencies.

Other responsibilities of the role include managing shareholder, investor and sell-side analyst communication, including drafting quarterly updates and managing a shareholder database/mailing list and investor/analyst communication database.

The need for increased communication with shareholders and investors is typically required by companies during and after an Initial Public Offering (IPO).

JUST IN 🚨🚨 Rumours In The #XRPCommunity That #RIPPLE Might Announce IPO Soon.👀 pic.twitter.com/0WOTF4AiDr

— XRP CAPTAIN (@UniverseTwenty) October 12, 2023

Ripple Is Going Public, Says XRP Community

The speculation has been led by the XRP community But it aligns with an August prediction that Ripple is likely to go public.

Anyone notice the recent job openings at #Ripple?

The only reason you need a Shareholders Communication Manager.. is for an IPO.

😉 https://t.co/jpte8wUiFu pic.twitter.com/VAcIKgPltF

— Chad Steingraber (@ChadSteingraber) October 16, 2023

Author Linda Jones noted on X that the venture finance and private equity website Pitchbook created an algorithm that analyzed information from 64,000 successful exits of former private companies during the past five years.

Pitchbook has an algorithm that analyzed 64,000 past successful exits of private companies by IPO or merger & acquisition (M&A) since 2018. They analyzed data such as frequency and size of fundraising rounds, number of patents, number of employees, number of acquisitions made by… pic.twitter.com/DhYtlsC9G7

— Linda P. Jones (@LindaPJones) August 30, 2023

The algorithm examines the quantity and frequency of funding rounds, the number of patents owned, and the scope of acquisitions made. It also considers factors including the size of the workforce, the entire addressable market, revenue growth, the presence of active investors, and the overall financial maturity of the individual businesses.

When applied to Ripple, it concluded that the company has a 98% likelihood of going public.

The San Francisco-based blockchain company is yet to confirm the speculation.