{"id":763602,"date":"2024-07-22T08:49:01","date_gmt":"2024-07-22T06:49:01","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=763602"},"modified":"2024-07-22T08:49:01","modified_gmt":"2024-07-22T06:49:01","slug":"ripple-news-1-4-billion-stock-buyback-planned-before-ipo-garlinghouse-signals-xrp-confidence","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/es\/ripple-news-1-4-billion-stock-buyback-planned-before-ipo-garlinghouse-signals-xrp-confidence\/","title":{"rendered":"Ripple News: $1.4 Billion Stock Buyback Planned Before IPO &#8211; Garlinghouse Signals XRP Confidence"},"content":{"rendered":"<ul>\n<li><b>Ripple CEO has hinted that the firm will conduct a share buyback of up to $1.4 billion.<\/b><\/li>\n<li><b>This approach comes in lieu of earlier plans to float an IPO in the US.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/es\/ripple-ipo-y-xrp-etf-estos-catalizadores-podrian-impulsar-el-precio-a-10-dolares-y-mas-alla\/\"><span style=\"font-weight: 400;\">Ripple Labs Inc<\/span><\/a><span style=\"font-weight: 400;\"> CEO Brad Garlinghouse said the firm is in the process of conducting a $1.4 billion share buyback instead of an Initial Public Offering (IPO) launch. Garlinghouse\u2019s statement has signaled confidence in XRP and even fueled further price increases for the altcoin.<\/span><\/p>\n<h3><b>Ripple IPO in Uncertainty With Share Buyback<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Garlinghouse disclosed Ripple\u2019s stock buyback plans in an <\/span><span style=\"font-weight: 400;\">interview<\/span><span style=\"font-weight: 400;\"> with Fortune Magazine\u2019s Andrew Nusca. The CEO revealed that Ripple has performed several tender offers to repurchase shares from investors and employees, with a $1.4 billion offer underway.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe have done a series of tender offers, where we\u2019ve been repurchasing shares from investors and employees. Now, we\u2019re in the middle of another tender offer. After we finish this, we will have repurchased $1.4 billion in stock from our shareholders,\u201d Garinghouse disclosed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The whole idea of this share buyback is to enhance liquidity for Ripple as uncertainty for an IPO launch looms. Ripple\u2019s CEO says plans for an IPO launch are currently facing setbacks due to regulatory constraints triggered by its legal battle with the US Securities and Exchange Commission (SEC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Garlinghouse confirmed that the company is not looking to go public yet. Meanwhile, this is not the first time the CEO has publicly voiced doubt about the company going public. As <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/brad-garlinghouse-ripple-to-conduct-ipo-outside-of-the-us-as-long-as-gary-gensler-is-sec-chair\/\"><span style=\"font-weight: 400;\">highlighted<\/span><\/a><span style=\"font-weight: 400;\"> in our earlier article, Garlighlouse suggested that the business is looking at jurisdictions outside the US for a possible IPO.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\uddfa\ud83c\uddf8\u2696\ufe0f BRAD GARLINGHOUSE EMPHASIZES THAT THE COMPANIES LIKE RIPPLE ARE FORMALLY BEGGING &quot;GIVE US CLEAR RULES OF THE ROAD&quot;<a href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> <a href=\"https:\/\/twitter.com\/bgarlinghouse?ref_src=twsrc%5Etfw\">@bgarlinghouse<\/a> <a href=\"https:\/\/twitter.com\/RippleXDev?ref_src=twsrc%5Etfw\">@RippleXDev<\/a> <a href=\"https:\/\/t.co\/W2KwYLiZLj\">https:\/\/t.co\/W2KwYLiZLj<\/a> <a href=\"https:\/\/t.co\/EATR5tJD9V\">pic.twitter.com\/EATR5tJD9V<\/a><\/p>\n<p>&mdash; XRP DROPZ (@DROPZXRP) <a href=\"https:\/\/twitter.com\/DROPZXRP\/status\/1813266142963617997?ref_src=twsrc%5Etfw\">July 16, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">He emphasized the SEC would have to accept Ripple\u2019s S-1 registration statement for an IPO launch in the US, which he doubts would happen. Garlinghouse concluded that, under the existing conditions, Ripple would be stupid to consider an IPO in the US.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the interview, the Ripple CEO addressed bullishness in the broader crypto market and appreciated regulatory efforts like MiCA in Europe. He added that the SEC vs Ripple case is nearing conclusion and emphasized the company has spent over $150 million in legal bills.<\/span><\/p>\n<h3><b>Implications for XRP\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Garlinhouse\u2019s recent disclosure has triggered multiple reactions from the Ripple and XRP communities. Market observers opined that Ripple\u2019s willingness to conduct share buybacks confirms the business&#8217;s willingness to bet big on its future success. This contributes to increasing trust in the company&#8217;s direction and the XRP.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, XRP has experienced a <span style=\"color: #339966;\">7.8%<\/span> surge in the past 24 hours to trade at <span style=\"color: #339966;\">$0.5918<\/span>. The trading volume declined by 8.8% to over $2 billion. Nonetheless, investors&#8217; sentiment is still very bullish with the Fear &amp; Greed Index showing Greed at 74.<\/span><\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\"><div class=\"cryptoboxes\" id=\"mcw-345586\" data-realtime=\"on\"><div class=\"mcw-chart mcw-chart-light\" data-font = \"inherit\" data-coin = \"xrp\" data-symbol = \"XRP\" data-currency = \"USD\" data-rate = \"1\" data-type = \"chart\" data-view = \"day\" data-theme = \"light\" data-smooth = \"true\" data-areacolor = \"\" data-bgcolor = \"\"><\/div><\/div><\/span><\/p>\n<p><span style=\"font-weight: 400;\">XRP\u2019s increasing dominance is seen in jurisdictions like South Korea, where the price has outperformed Bitcoin. As <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/es\/xrp-supera-a-bitcoin-en-corea-del-sur-un-giro-sorprendente\/\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\"> in our earlier post, XRP\u2019s trading volume recently soared to $650 million, outpacing Bitcoin\u2019s $282 million.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple CEO has hinted that the firm will conduct a share buyback of up to $1.4 billion. This approach comes in lieu of earlier plans to float an IPO in the US. Ripple Labs Inc CEO Brad Garlinghouse said the firm is in the process of conducting a $1.4 billion share buyback instead of an<\/p>\n","protected":false},"author":72,"featured_media":746615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-763602","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/763602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/comments?post=763602"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/763602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media\/746615"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media?parent=763602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/categories?post=763602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/tags?post=763602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}