XRP News Today : Ripple IPO Plans On Hold Says Ripple President, Monica Long
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The post XRP News Today : Ripple IPO Plans On Hold Says Ripple President, Monica Long appeared first on Coinpedia Fintech News
Ripple News April 25th : Despite ongoing buzz and years of speculation, Ripple has confirmed it has no plans for an IPO in 2025. The company behind XRP is choosing a different path, even after resolving its long-standing legal dispute with the U.S. Securities and Exchange Commission (SEC).
Why Ripple IPO Plan is Delayed?
Rippleâs President, Monica Long, told CNBC that the company is financially secure, with billions of dollars in cash reserves. She noted that IPOs are typically used to raise capital or increase market visibilityâneither of which Ripple needs right now.
Echoing her statement, CEO Brad Garlinghouse confirmed that the company isnât looking to go public anytime soon and doesnât require external funding.
Years of Hype Around Ripple IPO Fizzles Out
The Ripple IPO has been a topic of discussion for years. In 2022, Garlinghouse said the company would consider going public once its legal battles with the SEC were resolved. However, even after gaining some legal clarity, he clarified in late 2023 that an IPO wasnât a top priority.
In early 2024, Ripple repurchased shares at a valuation of $11.3 billionâdown from a $15 billion peak in 2022. That buyback raised $285 million, bringing the companyâs total funding to $318.5 million. Investors include major names like Andreessen Horowitz, Google Ventures, and Founders Fund.
Focus on Growth Through Acquisitions
Instead of going public, Ripple is doubling down on growth through acquisitions. One of its most significant moves was the $1.25 billion purchase of Hidden Road, a prime brokerage handling over $3 trillion in annual transactions.
This acquisition is expected to strengthen Rippleâs global presence, especially in the stablecoin space with the upcoming RLUSD token. It also signals Rippleâs ambition to become a bigger player in traditional and digital finance alike.
FAQ
Ripple says it doesnât need an IPO right now because it has billions in cash and no urgency to raise funds or gain public exposure. The company is financially strong and prefers to grow through acquisitions.
Yes, Ripple plans to integrate RLUSD into its expanding global network. The recent $1.25B acquisition of Hidden Road is a key step toward that, aiming to boost RLUSDâs adoption in institutional finance.
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