Crypto enthusiasts and XRP community members interpreted Ripple’s recent job posting as an official indication that the company intends to have an Initial Public Offering (IPO) owing to the roles and responsibilities listed for the potential candidate.
Ripple, a fintech company, posted a new employment ad on October 16 for the Shareholder Communications Senior Manager position in multiple locations within and outside the United States.
The job description specifies that the position will necessitate direct communication with shareholders, a characteristic typically associated with publicly traded corporations.
The selected candidate would be responsible for devising and implementing communication and relationship management strategies for “existing and prospective investors, current shareholders, and financial analysts,” a role typically associated with companies eyeing an IPO.
The job description emphasizes the candidate’s need to develop strategic plans tailored to “M&A, investments, liquidity events, and other high-impact moments.”
The Senior Shareholder Communications Manager’s responsibilities include creating materials for investors, such as “presentations, fact sheets, case studies, and analyses.”
These documents are necessary for the initial public offering (IPO) preparation process because they inform and educate potential investors about the company’s prospects and performance. In addition, this position is responsible for maintaining a shareholder database and administering routine communications, such as quarterly updates.
Numerous proponents of XRP and the pro-Ripple community on X (formerly Twitter) view the job posting as a potential indicator of an IPO. Some of the company’s top executives have also alluded to the possibility that Ripple may go public but have provided no timetable.
Due to the United States Securities and Exchange Commission’s lawsuit against issuing the crypto token XRP, the cryptocurrency-focused payment company has recently been in the spotlight.
In early July, a judge ruled that XRP is not a security for purposes of sale on digital asset exchanges, granting Ripple a significant victory in the lawsuit.
Even though the SEC lawsuit has cost Ripple many business opportunities in the U.S., most of their remittance businesses are outside the U.S., according to Ripple’s top executives.
