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Ripple-Backed Evernorth Targets $1 Billion Raise In US IPO For XRP Reserve

A new XRP treasury could be on the horizon, driven by Ripple-backed Evernorth's plans for an initial public offering (IPO) in the US. Evernorth announced on Monday that it intends to go public on the Nasdaq through a merger with the blank-check company Armada Acquisition Corp II, projected to raise over $1 billion in capital. Evernorth's [...]

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