Ripple has no plans for an Initial Public Offering (IPO), President Monica Long confirmed to Bloomberg at the Swell conference in New York. The executive emphasized the company has no plan or timeline for such a move.
The decision stems from Ripple’s strong financial position, which allows it to fund growth and strategic partnerships without public capital. The company has invested approximately $4 billion in acquisitions, including recent deals like the takeover of custody platform Palisade.
While other crypto firms like Kraken and Circle pursue public listings, Ripple will remain private. The company will focus on organic expansion and mergers, leveraging its internal liquidity and a recent funding round that valued it at $40 billion.
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