After securing a thumping victory in its legal battle against US regulators when a federal judge ruled that the sale of XRP tokens on public exchanges did not violate securities law, Ripple is back in the headlines again. A new job listing by Ripple on its career page is seeing fresh chatter that the San Francisco-based crypto company is eyeing an initial public offering (IPO).
New job listing sparks rumors about Ripple going public
The job advertisement by Ripple for the position of “Shareholders Communications Senior Manager”, with annual pay of up to $179,740, has caught the eye of the crypto community. The job description states:
“In this role, you’ll be responsible for the communications and relationship management strategy/execution for key groups of existing and prospective investors, current shareholders, and financial analysts.”
Reacting to this on social media platform X (formerly Twitter), a community member said that the new job offer by Ripple — which offers an annual compensation in the range of $143,792-$179,790 — suggests that Ripple could soon take the IPO route.
Ripple – the company behind the cryptocurrency XRP – is looking for a candidate who can come up with strategic plans and communicate with the audience during events like mergers, acquisitions, investments, and other “high-impact” moments. While the likelihood of Ripple going public has been a hot topic of discussion among crypto members for months, the recent job listing has certainly made them more hopeful.
Nasdaq-listed cryptocurrency firms
Furthermore, crypto exchange Coinbase and several mining companies—including the likes of Riot Platforms, and Marathon Digital Holdings, among others—have already listed on the Nasdaq exchange. So, it is highly likely that Ripple will buck the trend.
However, there are some in the XRP community who don’t see the job listing as a signpost for a possible Ripple IPO, pointing out that there are private shareholders in play. Ripple has reportedly not responded to requests for comment, so speculation about a potential IPO is not dying anytime soon.
XRP price on the decline
Rumors about Ripple possibly launching an IPO come amid reports that Whales have accumulated 1.1 billion XRP tokens since February. At the same time, the digital currency is seeing a decline in its price, having slid more than 0.5% in the last 24 hours, according to Todayq News data.