Ripple Has Officially Confirmed That It Has No Plans to Go Public in 2025

Ripple has officially confirmed that it has no plans to go public in 2025. After years of speculation, the company has decided to stay private.

Ripple has no plans to go public in 2025, according to an interview with Monica Long, president of the company. After years of speculation, the company has decided to stay private.

Ripple’s financial strength was described by Long in her recent CNBC interview. She noted that the company has billions of dollars in financial resources. The company’s financial strength means it can operate without needing to publicly issue shares. The company made a share repurchase move at the beginning of this year. The company bought its shares at a $11.3 billion valuation during the last buyback. The current valuation stands at $11.3 billion, which represents a lower value than its $15 billion mark recorded in 2022.

Most businesses choose to launch an IPO to gain funds or establish greater market recognition. Presently, Ripple operates without the need for any of those requirements. CEO Brad Garlinghouse backed the assessment that Long presented. Ripple maintains it will avoid seeking outside funding and keep its shares off any public stock exchange in the near future.

During the years of its SEC legal dispute, investors maintained the expectation that Ripple would list its shares for public trading following a settlement with the U.S. Securities and Exchange Commission. Garlinghouse told the public in 2022 that Ripple would evaluate an Initial Public Offering when the lawsuit terminated. Ripple settled legal disputes with the SEC during late 2023, yet has confirmed that a public stock offering does not represent its top priority.

Crypto industry leader Circle is pursuing a unique business model compared to its market competitor, Ripple. Recently, Circle filed its initial public offering application in early April. The public financial records that Circle filed with the SEC were confirmed by Bloomberg. Circle maintains its application for New York Stock Exchange approval to list CRCL shares. This shows that while some crypto firms are eager to go public, Ripple prefers a different path.

In addition to staying private, Ripple is continuing to grow its business operations. Ripple conducted a $1.25 billion acquisition of Hidden Road, which they recently announced. The business transaction ranks among the biggest in the digital asset market. Hidden Road operates a full suite of business solutions, which include clearing alongside prime brokerage and financing services for various asset types. The business portfolio of Ripple includes foreign exchange alongside digital assets and derivatives and swaps, and fixed income products.

Through this acquisition, Ripple established itself as the first crypto operation to operate and manage a worldwide multi-asset prime brokerage. Ripple selects this acquisition path to develop its market position, in addition to being self-funded.

Lastly, Ripple chose to enhance its financial position while building its growth instead of conducting an initial public offering. The company stays in a solid position, according to statements made by both Monica Long and Brad Garlinghouse. Therefore, an IPO is unnecessary at this time. Ripple intends to pursue its independent development as a private organization while Circle, along with other companies, gets ready to launch stock market initiatives.