‘We Still Plan to Remain Private‘ Says Ripple President on IPO Plans

Ripple Labs President Monica Long stated that the company currently plans to remain private, dismissing rumors of an impending Initial Public Offering (IPO). This statement followed Ripple reaching a $40 billion valuation in November after a $500 million fundraise led by Citadel Securities and Fortress Investment Group. Long explained that Ripple is in a "really healthy position" to fund its growth and investments without needing the access to investors and liquidity provided by public markets. These comments come months after the US Securities and Exchange Commission (SEC) wound down its enforcement actions against Ripple, which had fueled IPO speculation. Separately, Ripple received conditional approval from the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter in December.

(Source：Cointelegraph)