Linqto, a platform that sells shares of private companies, has announced that shares of Ripple have been replenished and are now available for purchase on its platform.
This is the second time this month that shares of blockchain-based payment network Ripple have been made available on Linqto.
Democratizing investing
Linqto is an intermediary platform that connects accredited investors with investment opportunities in private companies, especially those approaching an IPO. After verifying their accredited status, investors can browse and invest in these companies via Linqto’s platform.
In addition to the investment process, Linqto offers portfolio monitoring tools and educational resources to help investors understand the nuances of private equity.
Ripple shares first appeared on the platform earlier this month and are now available again.
Ripple’s IPO Ambitions
There is increasing speculation about Ripple’s plans for an initial public offering (IPO). These discussions are not new and date back to 2018.
In a May 2022 interview with CNBC, CEO Brad Garlinghouse mentioned Ripple’s intention to consider an initial public offering once the ongoing lawsuit with the U.S. Securities & Exchange Commission (SEC) is resolved.
Additionally, the waters were further muddied when Ripple reportedly held a private roadshow in April involving potential investors, hinting at the potential of an IPO in the future. This event reportedly attracted the interest of leading institutional investment firms.
As reported by U.Today, judge Analisa Torres ruled in favor of Ripple, stating that their XRP sales were not investment contracts.
Now that Ripple has gotten clarity on their position with the SEC, it remains to be seen whether or not they will move forward with an IPO.
