Ripple Holders Refuse to Sell in $1B Tender Offer

According to a recent report by The Information, Ripple Labs offered to repurchase $1 billion worth of shares at a $40 billion valuation last month. 

However, the company reportedly saw the lowest participation rate yet in this tender offer, with many private shareholders choosing not to sell their stakes. 

Obviously, this shows that investors are confident in Ripple’s long-term potential following the company’s victory over the SEC and massive acquisition spree. 

In January 2024, Ripple announced a buyback of US$285 million of its shares from early investors/employees that valued the company at about $11.3 billion. However, as reported by U.Today, CEO Brad Garlinghouse then stated that the valuation was too low, citing the company’s vast XRP holdings that surpassed a whopping $100 billion last year. 

In June, the San Francisco-headquartered company initiated a significantly larger tender offer of $700 million at $175 per share. 

Will Ripple go public? 

Rumors about Ripple’s potential IPO have been swirling for years. In fact, media outlets started speculating about the company going public all the way back in 2018. However, Ripple President Monica Long has rejected the idea of having an IPO in the near future. Earlier this year, she stressed that the enterprise blockchain giant was in an “acquisitive” phase. 

In 2025, Ripple has so far acquired prime brokerage Hidden Road, stablecoin platform Rail, and corporate treasury management platform GTreasury.