For this reason, Ripple’s IPO may be postponed

In the world of financial technology, where the winds of change are constantly blowing, Ripple, a leading crypto company, faces a new challenge. Rumors of a possible delay in Ripple’s highly anticipated initial public offering (IPO) highlight the current uncertainty in the fintech market.

Possible delay in Ripple’s IPO

Dushyant Shahrawat, Director of FinTech Investment Banking at Rosenblatt Securities, pointed this out in a recent interview with NASDAQ’s Jill Malandrino possible delay Ripple IPO. This slowdown is attributed to the current deteriorating state of the public and private fintech markets.

You can walk through the halls here, you have this @Circle, @ To curl….All the private fintech companies, unicorns, that were waiting in the wings to go public….”

“This deadline (until the IPO) was postponed
a little much”

Dyshyant Shahrawat, formerly at Fidelity, Tower… pic.twitter.com/kfGdHh5uen

– ????Crypto Eri ????Carpe Diem (@sentosumosaba) November 24, 2023

Fintech market under pressure

Shahrawat illustrates the recession in the fintech sector by pointing to the fintech index of top companies, which fell by 60%. This decline marks the lowest level in the past two to three years and signals a challenging environment for companies considering an IPO.

Impact on IPO plans

This downward trend is impacting investment opportunities for companies of all sizes, from large late-stage unicorns to early-stage startups. This has led to increasing caution in the fintech industry, especially around IPOs. Shahrawat specifically mentions Ripple and Circle, which have announced plans to complete an IPO by 2024.

The future of Ripple’s IPO

Wall Street expert Linda P. Jones speculates that Ripple’s IPO could happen in 2024, with ideal timing of mid-May. However, if the IPO does not take place within this period, it will likely be postponed until 2025.