Veteran Wall Street analyst Linda Jones believes Ripple could set a new record in IPO valuation history. Speaking with Digital Perspectives, Jones outlined her predictions about the company’s future, particularly focusing on its pre-IPO share value.
Pre-IPO Shares Have The Potential For A 2000% Rise
Jones referenced the current valuation of pre-IPO shares on Linqto, a private investing platform. She pointed out that at $35 a share, the valuation for Ripple stock sits at $5.7 billion, which is notably lower than the enterprise’s past buyback at a valuation of $15 billion.
Jones emphasized the company’s substantial holdings in XRP, with 42 billion XRP in escrow, highlighting the current XRP price of $0.50. This pegs the XRP’s worth at around $21 billion, which is four times higher than Ripple’s current valuation.
Using the highly successful Coinbase IPO as a benchmark, Jones suggested that Ripple’s potential valuation combined with its XRP holdings could lead to an aggregate worth of approximately $107 billion, representing a 2000% rise from the current selling price of pre-IPO shares on Linqto.
Why Ripple Could Shatter Records
Jones pointed out the potential impact of Ripple’s ongoing legal battle with the SEC and its consequent impact on XRP’s price. She envisioned a scenario where XRP returns to its previous ATH of $3.59, thereby valuing Ripple’s escrowed XRP at $150 billion.
Comparing Ripple with technology giants like Nvidia, Apple, and Amazon, Jones suggested that Ripple could be on par with these companies in terms of valuation, considering its assets and market impact.
Jones concluded her analysis by voicing her optimistic views, cautioning about the speculative nature of her predictions, and highlighting Ripple’s potential to achieve a new record for a company at its IPO valuation, estimating the company’s potential stock value at $350 billion or even half a trillion dollars, considering its XRP holdings and market position.
At press time, XRP traded at $0.53287.
Image Source: Paparacy / Shutterstock
