Rise

Veteran Wall Street analyst Linda Jones has laid out a comprehensive scenario where Ripple could potentially set a new benchmark in IPO valuation history. Speaking with Digital Perspectives, Jones <a href="https://twitter.com/DigPerspectives/status/1663967273303027712" target="_blank" rel="noopener nofollow">elaborated</a> on her predictions about the company’s future, particularly focusing on its pre-IPO share value. 
<h2 id="pre-ipo-shares-have-the-potential-for-a-2000-rise">Pre-IPO Shares Have The Potential For A 2000% Rise</h2> 
She began her analysis by referencing the current valuation of pre-<a href="https://bitcoinist.com/ripple-ceo-ipo-is-a-possibility/" target="_blank" rel="noopener ">IPO</a> shares on Linqto, a platform for private investing. “According to Linqto, at $35 a share, which is slightly under $34 today on the Linqto website, that is a $5.7 billion valuation for Ripple stock,” Jones stated. This figure, she noted, is notably lower than the enterprise’s past <a href="https://bitcoinist.com/ripple-share-buyback-values-company-11-billion/" target="_blank" rel="noopener ">buyback</a> at a valuation of $15 billion. 
The critical aspect of Jones’ analysis hinges on the company’s substantial holdings in XRP. “Ripple has 42 billion XRP in escrow,” Jones explained, highlighting the current XRP price of $0.50. 
This pegs the XRP’s worth at around $21 billion, a figure that starkly contrasts with the present valuation, being four times higher. “That makes the XRP worth $21 billion, which is crazy because that’s four times what Ripple is valued at right now,” Jones emphasized, indicating a possible undervaluation. 
Jones drew parallels to <a href="https://bitcoinist.com/coinbase-to-direct-list-on-the-nasdaq-on-april-14th/" target="_blank" rel="noopener ">Coinbase’s IPO</a>, which she described as highly successful. “Coinbase… had an $86 billion valuation. It opened at $250 a share, went up to $429 a share, and closed at $328 a share on its IPO.” Using this as a benchmark, Jones postulated that the fintech firm could achieve a similar feat. 
She speculated that combining Ripple’s potential valuation with its <a href="https://bitcoinist.com/ripple-cto-xrp-price-suppression/" target="_blank" rel="noopener ">XRP holdings</a> could lead to an aggregate worth of approximately $107 billion, a stark contrast to its current valuation on Linqto. This valuation would correspond to about 20x (or 2,000%) the current selling price of pre-IPO shares on Linqto. 
<h2 id="why-ripple-could-shatter-records">Why Ripple Could Shatter Records</h2> 
A significant factor in Jones’ analysis is the potential resolution of Ripple’s ongoing <a href="https://bitcoinist.com/xrp-lawsuit-sec-files-new-demands-ripple/" target="_blank" rel="noopener ">legal battle with the SEC</a> and the consequent impact on XRP’s price. She posited a scenario where XRP returns to its previous ATH of $3.59, thereby valuing Ripple’s escrowed XRP at a whopping $150 billion. “You can’t have XRP worth $150 billion and Ripple stock worth less. That doesn’t make any sense,” she argued, drawing attention to the discrepancy. 
Comparing the firm’s with technology behemoths like Nvidia, <a href="https://bitcoinist.com/apple-draft-plan-stock-trading-app-bitcoin-included/" target="_blank" rel="noopener ">Apple</a>, and Amazon, Jones suggested Ripple could be on par with these giants in terms of valuation, considering its assets and market impact. “We have world-class companies, which I think Ripple fits in with some of those world-class companies,” she remarked, acknowledging the company’s shorter history but emphasizing its potential. 
Jones concluded her analysis on an optimistic note, albeit with a caution about its speculative nature. “I could see where we could have a new record for a company at its IPO valuation. And that Ripple could be the company that makes that new record,” she stated. This prediction puts the company’s potential stock value at an estimated $350 billion, or even half a trillion dollars, considering its XRP holdings and market position. 
At press time, XRP traded at $0.53287. 
<img loading="lazy" decoding="async" class="size-full wp-image-277909" src="https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472" alt="XRP price" width="1024" height="472" srcset="https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-30_11-29-24.png?resize=1024%2C472?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Wall Street Expert Explains Why Ripple Pre-IPo Shares Could Rise 2000%

Table of Contents

Bitcoinist

Other articles published on Jan 30, 2024

Can Machine Learning Operations Revolutionize Cybersecurity?

Billionaire Mark Cuban Says Dogecoin (DOGE) Still Accepted by Mavs

App-Specific Rollup Cartesi Announces A $1 Million Ecosystem Grants Initiative (30 Jan)

Stargate Finance: The New Hot Crypto Everyone Is Talking About

Standard Chartered Bank Foresees Potential Approval of Ethereum ETFs

Bitcoin Beyond 2024: Forecasting the Post-Halving Journey

Join our free newsletter for daily crypto updates!