Two participants in Ripple’s previous funding rounds, from the United States and China, are ready to completely dispose of their stakes in the California-based startup at a substantial discount. People familiar with the matter told BTC Times.
The eagerness of investors to offload assets has arisen despite XRP’s price more than doubling after the market crash in March. The discount offered by investors implies a company valuation around $6-6.5 billion.
In December, Ripple, following its Series C funding round, attracted a record $200 million; its market capitalization reached $10 billion. A year earlier, the figure stood at $5 billion.
In the global unicorns ranking for this period rose from 28th to 23rd place. Alongside Binance, the startup was the only one among the 11 blockchain companies in the list to improve its position.
In January, chief executive Brad Garlinghouse did not rule out conducting an initial public offering (IPO).
The publication’s sources suggested that investors’ intention to exit Ripple’s equity could indicate doubts about the company achieving public status.
Earlier, BlockFi said it would assemble a team of specialists to pursue an IPO. Sources close to Coinbase also reported plans to prepare for a stock-market listing. This was officially announced by Bithumb.
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