Ripple has no immediate plans for an IPO, says President Monica Long

Ripple President Monica Long stated at the Ripple Swell conference that the company has no immediate plans to pursue an Initial Public Offering (IPO). Long emphasized that Ripple is well-capitalized, having recently secured $500 million in a funding round led by Fortress Investment Group and Citadel Securities, which valued the company at $40 billion. This strong financial footing allows Ripple to fund all its growth initiatives independently, distancing itself from the pressure to go public. This stance aligns with previous comments from CEO Brad Garlinghouse, who also cited the company's strong financial position as a reason to delay an IPO, even amidst the previous legal challenges with the SEC.

(Source：Crypto Briefing)