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Nasdaq Lauds Ripple-Metaco Acquisition, Is Future IPO Cooking?

Wall Street brokerage Nasdaq has congratulated Ripple on its acquisition of Metaco, a gesture that has spurred IPO speculations
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Nasdaq Lauds Ripple-Metaco Acquisition, Is Future IPO Cooking?

Earlier this month, blockchain payments firm Ripple Labs Inc acquired Swiss-based institutional asset custody, trading and DeFi-focused firm Metaco in what can be categorized as one of the most publicized acquisitions in the crypto industry this year. As reported by Coingape at the time, the company paid the sum of $250 million for the firm, an acquisition that can significantly help it deepen its foothold in the European Union.

As Metaco revealed earlier today, prominent Wall Street brokerage platform, NASDAQ Global Select Market has congratulated the firm, a gesture that appears to have more undertones than envisaged. Ripple is still a privately held firm and with NASDAQ being a major hub for publicly traded firms, celebrating the acquisition has given room for many projections.

Understandably, Ripple Labs is a financial technology company that is using blockchain technology to disrupt the payments ecosystem. With Nasdaq’s deep affiliation to tech-based companies, the recognition of the deal might be in order.

Over the past few years, Ripple has been contemplating going public through the Initial Public Offering (IPO) route. The ongoing legal brawl between the firm and the United States Securities and Exchange Commission (SEC) has notably hidden the conversation surrounding these plans in recent times.

The Nasdaq recognition of its latest business stride may be an advertisement for Ripple to consider its bourse should the latter finally decide to go public.

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Conditions for Ripple to Go Public

That Ripple is mulling the idea of going public is not unthinkable. Notably, some major cryptocurrency focused firms like Coinbase Global Inc have gone public and are successfully trading on the Nasdaq. As such, Ripple can also pull off a similar feat.

However, for the firm to consider going public in the United States, it must conclude its securities lawsuit with the SEC, and preferably, the case will have to end in its favor. Public listing is a sign of growth for any company and with it, the company can gain additional investors who may now acknowledge the firm’s regulatory standing.

For Ripple to achieve this move, all forms of baggage will have to be cleared, and many are projecting the case will be concluded soon.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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