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XRP News Today : Ripple IPO Plans On Hold Says Ripple President, Monica Long
Despite ongoing buzz and years of speculation, Ripple has confirmed it has no plans for an IPO in 2025. The company behind XRP is choosing a different path, even after resolving its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC).
Ripple’s President, Monica Long, told CNBC that the company is financially secure, with billions of dollars in cash reserves. She noted that IPOs are typically used to raise capital or increase market visibility—neither of which Ripple needs right now. Echoing her statement, CEO Brad Garlinghouse confirmed that the company isn’t looking to go public anytime soon and doesn’t require external funding.
The Ripple IPO has been a topic of discussion for years. In 2022, Garlinghouse said the company would consider going public once its legal battles with the SEC were resolved. However, even after gaining some legal clarity, he clarified in late 2023 that an IPO wasn’t a top priority.
In early 2024, Ripple repurchased shares at a valuation of $11.3 billion—down from a $15 billion peak in 2022. That buyback raised $285 million, bringing the company’s total funding to $318.5 million. Investors include major names like Andreessen Horowitz, Google Ventures, and Founders Fund.
Instead of an IPO, Ripple is focusing on growth through strategic acquisitions. One of its most significant moves was the $1.25 billion purchase of Hidden Road, a prime brokerage handling over $3 trillion in annual transactions. This acquisition is expected to strengthen Ripple’s global presence, especially in the stablecoin space with the upcoming RLUSD token. It also signals Ripple’s ambition to become a bigger player in traditional and digital finance alike.
In conclusion, it seems that Ripple has chosen a different path, preferring financial security over an IPO.
Source: https://coinpedia.org/news/xrp-news-today-ripple-ipo-plans-on-hold-says-ripple-president-monica-long/
