Linqto has once again made it possible for XRP supporters and the wider crypto community to invest in Ripple before it becomes a publicly traded company.
The crypto community, including XRP enthusiasts, now has another chance to buy Ripple’s stock before the company goes public.
Two days ago, a high-ranking executive at Linqto, a pre-IPO investment platform, mentioned that they were thinking about allowing more investors to purchase Ripple equity shares because the first round of sales reached its limit.
In a recent announcement, Linqto revealed that it’s now possible for the crypto community to buy Ripple’s pre-IPO shares. The statement said:
“Ripple shares are now available on Linqto! We are committed to making private market investments accessible to all investors.”
🚀 @Ripple shares are now available on Linqto! We remain committed to democratizing access to private market investments to all investors
Learn more here: https://t.co/e0O9lko4PC#RippleNet #Ripple #XRP #Linqto pic.twitter.com/5RnOUn5dfB
— Linqto (@linqtoinc) October 11, 2023
In September, Linqto introduced an opportunity for the crypto community, even those who aren’t accredited investors, to buy Ripple shares. This initiative quickly sold out, and now, amid strong interest in investing in Ripple stocks, Linqto is making this offer again.
Acquiring Ripple Pre-IPO Shares
To buy Ripple’s shares through Linqto, you need to follow a few steps. First, create an account and verify it with a government-issued ID. Once your account is set up, you’ll be able to access the investment page.
Investing in Ripple via Linqto
Just like last month, investors interested in purchasing Ripple’s pre-IPO shares need to invest a minimum of $2,500. The stock is priced at $60.08 per share, which is a significant increase from the $35 it was priced at on June 1.
For investors committing at least $10,000, there’s a discount available. They can buy Ripple’s equity at $57.21 per share.
You can fund your Linqto account using two methods. The most efficient way is through a debit card using the Uphold exchange, as previously explained. The alternative method is a bank transfer, which may take up to three business days to reflect in your account.
Eligibility for Purchasing Ripple’s Pre-IPO Shares
Some people on Twitter were unsure if the investment opportunity was only for folks in the United States. Linqto hasn’t given a clear answer to these questions yet.
However, when you read Linqto’s terms and conditions, they suggest that if you’re outside the U.S. and interested in investing, you should check your local laws to make sure it’s okay. They haven’t confirmed if the opportunity is available anywhere besides the United States.
Basically, they’re saying it’s your job to make sure it’s legal to invest from where you are. While they don’t say it’s only for U.S. residents, they also don’t say it’s open to people in other countries. They’re playing it safe to avoid any legal issues.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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