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06/16 17:11

Angel Investor Says Ripple IPO Could Open the Floo

Angel Investor Says Ripple IPO Could Open the Floodgates for XRP as Circle Hits $25B Post-IPO Valuation

Ripple’s long-anticipated IPO could be a defining moment not just for the company but for the entire crypto market, particularly for XRP.

Crypto angel investor Dennis Liu shared this perspective in a recent commentary on Circle’s IPO performance. Comparing Circle’s public debut to Ripple’s IPO, Liu suggests that Ripple’s IPO could trigger a wave of mainstream momentum for XRP.

Circle’s Performance Sets the Stage

Liu highlighted Circle’s strong IPO performance as a major indicator of investor appetite for crypto-related equities. Initially priced at $31 per share, Circle stock now trades at around $116, a nearly fourfold increase. As a result, Circle’s valuation has expanded from its original $7 billion target to over $25 billion.
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