Ripple IPO Buzz Sparks Talk of $100 Billion Valuation

Ripple is making waves again because well-known pro-XRP lawyer John Deaton made a bold prediction that Ripple’s initial public offering could be worth $100 billion. Why did he do it? A direct comparison to Circle, the company that issues USDC, which is expected to be worth between $62 billion and $75 billion when it goes public. Deaton says that Ripple, with its huge XRP reserves and global reach, could easily go beyond that level.

I know @bgarlinghouse said @Ripple is NOT in a rush to go public. They certainly don’t need to raise capital, which is often, a primary reason to go public. But TIMING an IPO is also a big consideration. If @circle can hit a 62B-75B market cap then @Ripple, with nearly 40B XRP,… https://t.co/MSFNMy6i8E

— John E Deaton (@JohnEDeaton1) June 23, 2025

Ripple’s recent actions support this claim. A $700 million tender offer said that shares were worth $175 each, which is a 135% increase from what they were selling for privately before. This means that Ripple’s internal value is close to $25 billion, not counting its crypto assets. Ripple has about 40 billion XRP in its reserves, which means it could already have more than $80 billion in digital assets if the price of each token stays around $2. In the world of digital finance, you don’t often see that kind of strong balance sheet.

IPO May Not Be Announced Yet, But All Signs Point to It

Ripple’s CEO, Brad Garlinghouse, and President Monica Long say the company isn’t in a hurry to go public, but what they do says otherwise. The $250 million purchase of Metaco and the $1.25 billion purchase of prime broker Hidden Road suggest that the company is building up its strategy. Ripple is also building investor relations, a sign it’s preparing for an IPO.

Many experts believe that Ripple is quietly preparing, anticipating the optimal market and regulatory conditions. If Ripple’s IPO goes through, it could be bigger than Coinbase’s $86 billion debut and be the biggest listing by a company that makes cryptocurrencies. Market analysts say that this could also start a new price rise for the token, possibly sending it above $3 in the next few quarters, as institutional investors become more interested and XRP becomes more useful for global payments.

Whether Ripple confirms the move or not, the signs are clear. It looks like the company wants to be considered more than just a crypto player; it wants to be a major bank in the new digital age.

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