Ripple Rules Out IPO Plans Despite $40 Billion Valuation and Industry Public Listing Wave

Ripple's president, Monica Long, stated definitively at the Swell conference that the company has no timeline or plans for an Initial Public Offering (IPO). She explained that Ripple is in a "fortunate" financial position, supported by a $40 billion valuation following a $500 million funding round, which allows it to fund organic growth, mergers, and acquisitions without needing public market capital. Ripple has recently invested heavily, including the $1.25 billion acquisition of Hidden Road (now Ripple Prime). While Ripple previously considered an IPO, legal challenges caused them to pause plans, and now the company suggests public listing is off the table. Despite this, Long expressed support for the broader trend of other crypto firms, such as Circle, Kraken, and Gemini, pursuing public listings, viewing it as a sign of industry maturation.

(Source：BeInCrypto)