Ripple explicitly denies IPO plans. With a valuation of $40 billion and ample funds, the company is shifting towards acquisitions and product expansion to build digital asset infrastructure connected to traditional finance.
Ripple, a blockchain payments company, President Monica Long stated that the company currently has no IPO plans and emphasized that Ripple’s financial health is solid. Instead of going public, the company prefers to expand through acquisitions and product development.
In an interview with Bloomberg on Tuesday, Monica Long mentioned: “At this stage, we still plan to remain private. Typically, companies pursue an IPO to gain investor support or liquidity in the public market, but our financial situation is very healthy. We are fully capable of continuing to fund and invest in the company’s growth without going public.”
Ripple completed a $500 million private placement last November, valued at $40 billion, with top institutional investors including Fortress Investment Group, Citadel Securities, and other leading firms.
It is worth noting that while there is curiosity about whether this round of funding includes investor protections such as “Put Options” or “Priority Payment Rights,” Monica Long only responded that “the transaction structure is very favorable to Ripple” without elaborating on details.
Looking ahead to 2025, Ripple’s expansion has accelerated significantly, with nearly $4 billion invested and four companies acquired, marking a transition from a payment service provider to a comprehensive digital asset infrastructure:
- Hidden Road: A multi-asset prime broker providing institutional trading and clearing services worldwide
- Rail: A stablecoin payment platform
- GTreasury: A corporate treasury and cash management system provider
- Palisade: A digital asset wallet and custody service provider
As of last November, Ripple Payments had processed transactions exceeding $95 billion. After acquiring Hidden Road, Ripple Prime has recently expanded into collateralized lending and institutional XRP-related products.
Notably, Ripple’s USD stablecoin RLUSD has become a core pillar supporting these two major businesses.
Monica Long pointed out: “Our entire company’s strategy is to build truly usable products. For traditional finance to smoothly connect with blockchain, cryptocurrencies, stablecoins, and various tokenized assets, a ‘key link’ layer is needed, and that is exactly the role Ripple aims to play — enabling these technologies to be practically applied in the real world.”
- This article is reprinted with permission from: 《BlockCast》
- Original title: 《No rush to ring the bell! Ripple reaffirms no IPO plans for now, cash on hand is sufficient》
- Original author: Block Sister MEL
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Begins Era as Commodity Under US Laws, Stuart Alderoty Reacts - U.Today
Stuart Alderoty, Ripple's CLO, welcomes the SEC's reclassification of XRP as a commodity, suggesting it could enhance adoption and ease exchange listings. Despite a recent price drop, XRP remains above key support levels, although trading volume has significantly decreased.
UToday2h ago
25% of XRP options on Deribit are concentrated at the 1.40 USD strike price with an expiration date of March 27
Gate News reports: On March 18, data shows that XRP is currently priced at approximately $1.50, slightly higher than the $1.40 strike price of the options cluster on Deribit. This cluster is valued at $14.6 million, accounting for about 25% of the total XRP options volume on Deribit, with an expiration date of March 27.
GateNews2h ago
Ripple Former CTO Discloses First XRP Email: 1,000 Tokens Worth $1,530 Today
On March 18, Ripple Chief Technology Officer David Schwartz shared the first email he received in 2013 mentioning XRP, showcasing XRP's early development. In the email, Vinnie Falco requested an XRP transfer, revealing the preliminary state of the crypto market at that time and the spirit of technical exploration. Falco later joined Ripple and made significant contributions to system development. This email reflects the early culture of the XRP community and technical accumulation, highlighting XRP's evolution from its inception to the present day.
GateNews5h ago
