Fintech payments company Ripple freed On October 16, new recruitment information was posted in multiple locations within and outside the United States for a senior manager of shareholder communications. The job posting prompted many cryptocurrency enthusiasts to label it an official hint of the company’s plans to go public.
The job posting states that the position requires direct communication with shareholders — a concept typically associated with public companies. The selected candidate will be responsible for developing and implementing communications and relationship management strategies for “existing and potential investors, existing shareholders and financial analysts.”
The job description emphasizes that candidates will need to develop strategic plans specifically tailored to situations such as “mergers and acquisitions,” investments, liquidity events, and other high-impact moments.
The role includes creating investor-focused materials such as “presentations, fact sheets, case studies and analyses” to inform and educate potential investors on the company’s prospects and performance – part of the initial public offering (IPO) preparation process necessary component. Responsibilities of this position also include maintaining a shareholder database and managing daily communications, such as quarterly updates.
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Many XRP (XRP) supporters and the pro-Ripple community on X (formerly Twitter) took the recruiting message as a hint of a possible IPO. Some of the company’s key executives also hinted at the possibility of Ripple going public, but did not give any specific timeline.
Has anyone noticed the recent vacancies? #ripple?
The only reason you need a shareholder communications manager is for an IPO.
— Chad Steingraber (@ChadSteingraber) October 16, 2023
The cryptocurrency-focused payments company has been in the spotlight recently as the U.S. Securities and Exchange Commission (SEC) alleged that XRP is a security. Ripple scored a major victory in the lawsuit in July when a judge ruled that XRP was not a security for sale on digital asset exchanges.
Ripple’s key executives claim that the majority of its remittance operations are located outside the United States, although the SEC lawsuit has cost them many business opportunities in the United States.
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