Could Ripple’s IPO Be the Biggest Ever? Valuation Soars to $30 Billion

Ripple is reportedly on track for a potential landmark initial public offering (IPO), with valuation estimates surpassing $30 billion, according to former company director Sean McBride. This valuation stems from Ripple’s ongoing share buyback program, which involves purchasing at least $700 million worth of shares at $175 each. By multiplying this per-share price by the total number of shares in circulation, McBride arrived at his ambitious estimate for Ripple’s market capitalization.