 
 
Ripple, the San Francisco-based fintech company behind the XRP token, doesn’t have any immediate plans to follow in the footsteps of other crypto firms that have recently gone public despite the recent conclusion of its nearly five-year legal brawl with the U.S. Securities and Exchange Commission (SEC).
No Interest In US IPO
Speaking during the annual Ripple Swell conference this week, Ripple President Monica Long told Bloomberg that the company currently has no plans or timeline for a potential initial public offering (IPO).
“We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,” Long reportedly stated.
As ZyCrypto reported, Ripple recently announced that it had secured $500 million in a funding round led by Fortress Investment Group and Citadel Securities, valuing the company at a whopping $40 billion.
Ripple’s decision to rule out an IPO puts an end to many years of speculation after several executives previously hinted at going public. Ripple CEO Brad Garlinghouse, for instance, said back in 2020 that an IPO would be a “natural evolution” for the company.
 
The cross-border payments firm was slapped with a $1.3 billion SEC lawsuit in late 2020. In August this year, the two parties formally concluded their rollercoaster lawsuit, jointly dismissing appeals in the case that long clouded XRP’s price. Ripple celebrated the move as a victory for the company and the crypto industry at large, on top of the court’s earlier ruling that some of Ripple’s sales of XRP did not violate federal securities laws.
While Ripple is not mulling an IPO anytime soon, other prominent blockchain companies, including USDC issuer Circle, Gemini, and Bullish, have staged high-profile public offerings in 2025.
At the time of writing, XRP was changing hands for $2.26, representing a paltry 0.9% gain on the day, CoinGecko data shows.