Ripple, the company behind XRP, confirmed that it has no plans to go public in 2025. In an interview with CNBC, Ripple President Monica Long stated that the initial public offering (IPO) is not currently part of the company’s roadmap.
Long noted that Ripple has a strong financial position, highlighting that the company has billions of dollars in cash reserves.
Long, addressing years of speculation regarding Ripple’s potential IPO, stated, “We are in a position where we do not need to seek capital increase or additional visibility.” Long also added that the company has taken steps to strengthen its financial position, including a share buyback earlier this year at an 11.3 billion dollar valuation, which is lower than its 15 billion dollar valuation in 2022.
Ripple CEO Brad Garlinghouse reiterated Long’s words, confirming once again that the company is not seeking external financing and has no intention of becoming a publicly traded entity in the near future. Garlinghouse had previously suggested in 2022 that the resolution of Ripple’s legal battle with the (SEC) could be followed by an IPO, but he clearly stated that an IPO ranks low on Ripple’s priority list after the dispute is resolved by the end of 2023.
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