Ripple’s president, Monica Long, confirmed that the company has no plans to launch an IPO and can fund its growth without going public. Her statements came after a $500 million fundraising round in November, led by Citadel Securities and Fortress Investment Group, which raised Ripple’s valuation to $40 billion.
Since Donald Trump took office, there has been a significant regulatory shift in the crypto market. This has led the SEC to wind down its actions against Ripple, while the company has remained focused on its internal expansion process. Currently, its token XRP is trading around $2.17, down 3.5% over the past 24 hours.
In December, the OCC conditionally approved Ripple’s application to operate as a national trust bank, clarifying that it will not issue its RLUSD stablecoin. Other companies benefiting from the increased legal flexibility included Circle, BitGo, Fidelity Digital Assets, and Paxos. Circle has already completed an IPO, while BitGo plans to go public.
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