Ripple Job Listing Sparks IPO Speculation

Ripple, a fintech payments company, posted a new job listing on October 16 for a senior manager of shareholder communications in multiple locations within and outside the United States.

Many crypto enthusiasts interpreted the job posting as an official indication that the company intends to go public. The job description indicates that the position will require direct communication with shareholders, a characteristic typically associated with publicly traded corporations.

The selected candidate would be tasked with devising and implementing communication and relationship management strategies for “existing and prospective investors, current shareholders, and financial analysts.”

The job description emphasizes the need for the candidate to develop strategic plans for situations such as “M&A [mergers and acquisitions], investments, liquidity events, and other high-impact moments.”

The role entails the creation of investor-focused materials such as “presentations, fact sheets, case studies, and analyses” to inform and educate prospective investors about the company’s prospects and performance, this is a necessary part of the initial public offering (IPO) preparation process.

In addition to maintaining a shareholder database and overseeing routine communications such as quarterly updates, the responsibilities of this position also include the maintenance of a shareholder database.

Numerous XRP advocates and the pro-Ripple community on X (formerly Twitter) cite the job posting as evidence of a possible IPO.

Some of the company’s top executives have also alluded to the possibility that Ripple may go public but have provided no timetable.

Due to the U.S. Securities and Exchange Commission’s (SEC) lawsuit claiming XRP is a security, the cryptocurrency-focused payments company has recently been in the news.

In July, a judge ruled that XRP is not a security for purposes of sale on digital asset exchanges, which was a significant victory for Ripple in the ongoing lawsuit.

Even though the SEC lawsuit has cost Ripple many business opportunities in the U.S., the majority of its remittance business is conducted outside the U.S.