Fintech payments company Ripple released a new job postingย on Oct. 16 for a shareholder communications senior manager across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the companyโs plans to go public.
The job posting outlines that the role will require direct communication with shareholders โ a concept generally associated with publicly traded companies. The chosen candidate would be responsible for developing and implementing communication and relationship management strategies for โexisting and prospective investors, current shareholders, and financial analysts.โ
The job description emphasizes the candidateโs need to create strategic plans specifically suited for situations like โM&A [mergers and acquisitions], investments, liquidity events, and other high-impact moments.โ
The role includes creating investor-focused materials like โpresentations, fact sheets, case studies, and analysesโ to inform and educate potential investors about the companyโs prospects and performance โ a necessary component of the initial public offering (IPO) preparation process. The responsibilities of the post also include maintaining a shareholder database and managing routine communications like quarterly updates.
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Many XRP (XRP) proponents and the pro-Ripple community on X (formerly Twitter) are referring to the job posting as a hint that there may be an IPO. Some key executives from the company have also alluded to the possibility that Ripple might go public but havenโt given any indication of timing.
Anyone notice the recent job openings at #Ripple?
The only reason you need a Shareholders Communication Manager.. is for an IPO.
๐ https://t.co/jpte8wUiFu pic.twitter.com/VAcIKgPltF
โ Chad Steingraber (@ChadSteingraber) October 16, 2023
The crypto-focused payments company has recently been in the limelight due to the U.S. Securities and Exchange Commissionโs (SEC) lawsuit alleging XRP is a security. Ripple scored a major win in the lawsuit in July when a judge ruled that XRP is not a security in terms of sale on digital asset exchanges.
Key Ripple executives have claimed that even though the SEC lawsuit has cost them many business opportunities in the U.S., most of its remittance business lies outside America.
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