
Ripple to Consider IPO Upon Conclusion of SEC Lawsuit
Real-time gross settlement system Ripple will consider going public with an IPO after it ends its current legal tussle with the SEC, according to Brad Garlinghouse.
CEO at Ripple.
Bradley Kent “Brad” Garlinghouse is CEO of financial technology company Ripple. He was formerly the CEO and Chairman of Hightail (formerly YouSendIt), the file sharing site. Prior to Hightail, he was President of Consumer Applications at AOL for two years, after his role as Senior Vice President at Yahoo! running its Communications business which included the Homepage, Flickr, Yahoo! Mail, and Yahoo! Messenger. While at Yahoo! he penned the famous Peanut Butter Manifesto calling for a shake up at the then fledgling Internet company.
Garlinghouse also had stints at Silver Lake Partners, Ventures, Home Network, SBC Communications and was CEO of Dialpad Communications. He is an active angel investor in over 40 companies including hardware company Pure Storage, AI startup Diffbot, and Indigo Agriculture. He is a board member at Animoto, and OutMatch, and previously held board positions at Ancestry.com, and Tonic Health.
Ripple
Feb 6th, 1971
American
California, United States
University of Kansas, BA in Economics
Harvard Business School, MBA
Ripple - CEO
Real-time gross settlement system Ripple will consider going public with an IPO after it ends its current legal tussle with the SEC, according to Brad Garlinghouse.
Ripple disputed the assertion stating XRP should be treated like a cryptocurrency and not a security offering.
The SEC has exactly 2 weeks to file an appeal with respect to its motion denial, and the commission’s response within this time frame is crucial as it may set a precedent for related cases in the near term.
Linqto, a company that trades private equity for crypto companies, before public listing, said that it has sold $50 million of stocks for Ripple Labs. This happened despite Ripple’s ongoing case with the US SEC.
The individual defendants from Ripple argue that the SEC has prolonged the case long enough to request additional time.