Ripple Shares Could Become $140k after IPO Says Linda Jones
In the midst of the developing energy for Ripple possibly opening up to the world about an Initial Public Offering (IPO), Wall Street financial expert Linda Jones shared her view.
Jones shared that gaining Ripple’s shares before the Initial public offering will be an extraordinary purchase. She shared this view in a new Linqto investor meetup. Pro-XRP support influencer Digital Asset Investor shared a piece of the discussion with the crypto lovers.
Interesting IPO Valuation discussion by @LindaPJones @linqtoinc investor meetup. XRP Zero value on the @ripple balance sheet currently👀👀👀 Will it be factored in an IPO? pic.twitter.com/2YuIHdPDDl
— Digital Asset Investor (@digitalassetbuy) August 31, 2023
Investors Should Look Past Ripple’s Current Price At $40
In the discussion, Jones focused that investors should ignore Ripple’s share price of $40. She maintained that they should concentrate on the company’s value of around $6.6 billion.
As per Jones, Ripple has the potential for significant development in the coming years. According to her:
“A valuation of something like 6.6 billion dollars with Ripple has the potential to at a much greater value”
$10k Could Become $140k
similarly, Jones maintained the potential of Ripple’s growth, referring to a correlation with the Coinbase exchange. She referenced that the US-based crypto exchange opened up to the world with about a $86 billion valuation.
This suggests that Ripple’s valuation at present is multiple times lower than Coinbase’s. In light of that, Jones recommended that individuals purchasing Ripple’s shares currently might actually encounter in excess of a ten times expansion in their initial investment.
Again, the Wall Street master gave an example. She stated that in the event that an investor put $10,000 into Ripple, it could turn into a $100,000 investment. She believed that a huge profit from the investment would be imminent even without Ripple outperforming Coinbase’s prosperity.
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“… that’s just if it doesn’t do as well as Coinbase did. If it does better than Coinbase, which it could, and it could for one very important reason” She remarked.
Outstandingly, the basis of her conviction that Ripple could exceed Coinbase’s prosperity connects with Ripple’s accounting standard. Specifically, Jones referenced that Ripple right now relegates a no worth to its XRP resource on its balance sheet.
The financial expert believes if Ripple somehow managed to dole out value to its XRP holdings at the current $0.5, the growth prospect could be significant.
Furthermore, in the event that Ripple utilized XRP’s past highs of roughly $3.84, it could bring about a valuation more than 14 times higher. This infers that the $10k investment could see an ROI of $140,000.
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