Ripple, the company behind XRP, has confirmed that it has no plans to go public in 2025. Speaking in an interview with CNBC, Ripple President Monica Long stated that an initial public offering (IPO) is not currently part of the company’s roadmap.
Long highlighted Ripple’s strong financial situation, noting that the company has billions of dollars in cash reserves.
“We are in a position where we don’t need to raise capital or seek additional visibility,” Long said, addressing years of speculation about Ripple’s potential IPO. Long added that the company has taken steps to strengthen its financials, including a share buyback earlier this year at a valuation of $11.3 billion, down from its $15 billion valuation in 2022.
Ripple CEO Brad Garlinghouse echoed Long’s comments, reaffirming that the company is not seeking external funding and has no intention of going public anytime soon. While Garlinghouse has previously suggested that an IPO could follow the resolution of Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) in 2022, he has made it clear that an IPO remains low on Ripple’s list of priorities once the dispute is resolved in late 2023.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/ripple-xrp-president-responds-to-renewed-rumors/