Ripple Considers IPO Outside US in Response to SEC’s ‘Hostile’ Stance Ripple CEO Brad
Garlinghouse has revealed that the company explored IPO options outside the United States, attributing this decision to a challenging relationship with the U.S. Securities and
Exchange Commission (SEC). Speaking at the World Economic Forum in Davos, Switzerland,
Garlinghouse expressed concerns about the U.S. Securities and Exchange Commission’s stance. Despite Ripple’s interest in going public, the firm has temporarily shelved its IPO plans amidst the ongoing legal
battle with the SEC.
“In the United States, trying to go public with a very hostile regulator that’s approved your S-1, that doesn’t sound like a lot of fun to me,” said
Garlinghouse. You know,
Coinbase obviously had their S-1 approved and now the SEC is suing them for doing things that were outlined in
their S-1.”
“And I think he’s not acting in the interests of the citizenry, he’s not acting in the interests of the long-term growth of the economy, and I don’t understand it,” said
Garlinghouse. “I think at some point there will be a new chair of the SEC, and I think that will be a good thing for the
American people.”
