Why Won’t Ripple Go Public? US Midterms Might Be The Reason
Ripple confirmed it has no immediate IPO plans, citing strong finances and strategic caution regarding the US midterm election outcomes.Summary
Ripple confirmed this week that it has no immediate plans to go public (IPO), as stated by President Monica Long, due to its strong financial position following a $500 million funding round that valued the company at $40 billion. CEO Brad Garlinghouse reiterated that the company is focused on building and growth, leveraging its balance sheet for acquisitions rather than pursuing a public listing soon. A key underlying factor for this strategic patience appears to be the uncertainty surrounding the 2026 US midterm elections. Ripple is likely waiting for clarity on the regulatory environment, as a Congress favorable to crypto could lower the risk associated with a public listing, whereas an unfavorable outcome might increase scrutiny.
(Source：BeInCrypto)