Ripple reached a valuation of approximately 40 billion USD after completing the secondary market share sale of around 500 million USD.
The transaction includes a clause allowing investors to resell shares at a higher price, locking in profits for participants, including Citadel.
MAIN CONTENT
Secondary sale ~500 million USD.
Valuation ~40 billion USD.
Repurchase rights lock in profits, including Citadel.
Scale and Valuation
Ripple has completed a secondary sale of approximately 500 million USD in shares, bringing the company's valuation to approximately 40 billion USD.
Secondary trading reflects the demand for Ripple shares in the private market. The estimated valuation of around 40 billion USD places the company in the rare group of private cryptocurrency firms worth tens of billions of USD, indicating significant expectations from investors.
Secondary sale size: approximately 500 million USD.
Estimated valuation: around 40 billion USD.
Form: selling shares on the secondary market.
Terms: the right to resell at a higher price to lock in profits.
Participating party mentioned: Citadel.
Terms and impact
Investors have the right to resell shares at a higher price, helping to lock in profits; Citadel is among the participating trading group.
The resale terms reduce risks for buyers in the secondary sale, increasing the attractiveness of the deal and distribution capability. The profit-locking mechanism signals support for this trading round and emphasizes the role of large organizations like Citadel in the transaction structure.
Source: https://tintucbitcoin.com/ripple-chot-ban-500m-dinh-gia-40b/
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