The role and responsibilities listed for the potential candidate are often criteria linked to requirements for a company considering an IPO.
News
Fintech payments company Ripple released a new job posting 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 company’s plans to go public.
The job posting outlines that the role will require direct communication with shareholders — a concept generally associated with publicly traded companies. The chosen candidate would be responsible for developing and implementing communication and relationship management strategies for “existing and prospective investors, current shareholders, and financial analysts.”
The job description emphasizes the candidate’s need to create strategic plans specifically suited for situations like “M&A [mergers and acquisitions], investments, liquidity events, and other high-impact moments.“
The role includes creating investor-focused materials like “presentations, fact sheets, case studies, and analyses“ to inform and educate potential investors about the company’s prospects and performance — 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.
Related: How are crypto firms responding to US regulators’ enforcement actions?
Many XRP proponents and the pro-Ripple community on X (formerly Twitter) are referring to the job posting as a possible 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 haven’t 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.
😉 https://t.co/jpte8wUiFu pic.twitter.com/VAcIKgPltF
— Chad Steingraber (@ChadSteingraber) October 16, 2023
The crypto-focused payment company recently has been in the limelight owing to the United States Securities and Exchange Commission’s lawsuit against the issuance of the crypto token XRP. Ripple scored a major win in the lawsuit earlier in July when a judge in the case ruled that XRP is not a security in terms of sale on digital asset exchanges.
Ripple key executives have maintained that even though the SEC lawsuit has cost them a ton of business opportunities in the U.S., a majority of their remittances businesses lie outside America.
Magazine: US enforcement agencies are turning up the heat on crypto-related crime
