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Ripple CTO Shares Story About Ripple Shares as IPO Nears

source-logo  u.today 24 April 2024 11:31, UTC

Amid discussions within the XRP community, Ripple's Chief Technology Officer David Schwartz recently shed light on the dynamics between Ripple shares and XRP, sparking curiosity as the crypto company explores plans for an initial public offering (IPO).

Schwartz's remarks surfaced during a lively exchange in the community, where enthusiasts sought clarity on his stance regarding Ripple shares versus XRP. Addressing queries about his preference, Schwartz highlighted the liquidity disparity between XRP and privately-held company stocks, emphasizing the former's superior liquidity.

The conversation delved into the complexities of stock ownership, with enthusiasts speculating on Schwartz's potential motives and considerations. Some speculated about the nature of the CTO's holdings and the implications of a potential IPO, while others shared their personal experiences with stock vesting periods and tax implications.

Funny story: I actually may have to sell some more Ripple stock soon in order to buy more Ripple stock. I have some options to buy Ripple stock that I've had for so long, they're close to expiring. But exercising them has a huge tax cost.

— David "JoelKatz" Schwartz (@JoelKatz) April 23, 2024

Schwartz himself chimed in, revealing his discomfort with the level of risk associated with his current stock holdings and hinting at potential future actions to manage this risk. He disclosed the possibility of selling Ripple stock to buy more, citing expiring options and significant tax considerations.

Ripple aims for IPO

Meanwhile, Ripple CEO Brad Garlinghouse's earlier statements about exploring IPO options outside the U.S. remain pertinent. Plans for an IPO are temporarily halted pending resolution of the ongoing legal battle with the SEC. Garlinghouse expressed optimism about the appointment of a new regulator's chief and the potential for improved regulatory clarity, signaling hopes for a future IPO in the U.S.

With Ripple's valuation at a staggering $11 billion and ongoing discussions with investors, anticipation mounts regarding the company's future trajectory.