Recent insights from a valuation document have reignited discussion about Ripple’s initial public offering and why its value is directly tied to the XRP’s market 1 document, shared by crypto researcher SMQKE (@SMQKEDQG), outlines how Ripple’s balance sheet and new accounting standards could transform its financial reporting and elevate its standing among top digital asset 2 report examined Ripple’s corporate structure as one built around its XRP 3 states that Ripple “appears to have no liabilities and two assets: cash or securities for $1 billion, and 46 billion XRP tokens .” This establishes that the majority of Ripple’s value depends on the price of XRP rather than traditional equity or cash 4 document compared different valuation scenarios, showing that the company’s implied value rises significantly as XRP’s price rises.
RIPPLE’S IPO VALUE IS DIRECTLY TIED TO XRP’S MARKET PRICE + NEW ACCOUNTING RULES COULD MAKE IT ONE OF THE MOST VALUABLE COMPANIES IN CRYPTO Few realize how deeply Ripple’s future IPO value depends on the price of XRP. A 2023 valuation report showed Ripple’s implied… 0 5 — SMQKE (@SMQKEDQG) November 5, 2025 Valuation Analysis and Equity Discounts At the time the analysis was conducted, XRP traded near $0.6. Based on that price, Ripple’s theoretical full value was listed at $28.6 6 market estimates placed it at $4.5 billion, while a tender offer implied an $11.3 billion 7 the current XRP price of $2.35, Ripple’s theoretical full valuation would rise to roughly $112 billion, with corresponding adjustments suggesting secondary market and tender offer values near $17.6 billion and $44.3 billion, 8 would place Ripple above Coinbase and several major 9 The document described an 84% discount in secondary markets and a 60% discount in tender 10 shows how private market equity values diverged from the token-based valuation 11 are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 The report further explained that these figures reflected Ripple’s position as a token-driven company, where the market capitalization of its assets directly mirrors the value of 12 a large portion of Ripple’s holdings in digital form , traditional valuation methods struggle to capture the company’s full market 13 Accounting Standards Tie Ripple’s Value to XRP Price The Financial Accounting Standards Board’s ASU 2023-8, released in December 2023, requires companies holding cryptocurrencies to report them at fair 14 report noted that this “could cause the financial statements for a potential IPO of Ripple to reflect the market price of the XRP token.” This change means Ripple’s future financial reports could adjust dynamically with XRP’s real-time market 15 emphasized that Ripple’s largest asset is its XRP holdings and that every increase in XRP’s price directly boosts Ripple’s reported 16 us on X , Facebook , Telegram , and Google News
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