Ripple's President has announced that there is still no Initial Public Offering (IPO) planned at this time.
Read U.TODAY on Google News: Ripple Rules Out 2025 IPO, Focuses on Growth
During a recent chat with CNBC, Ripple's president, Monica Long, made it clear that the San Francisco-based blockchain giant has no intentions of having an Initial Public Offering (IPO) in the near future. She explained, "With our current financial strengths, we have billions of dollars stashed away on our balance sheet, so an IPO isn't something we're keen on right now."
Long went on to say that Ripple is in an "acquisitive" phase, focusing on growing the business as it stands.
Rumors about Ripple's potential IPO plans have been swirling for years. In 2022, Garlinghouse hinted at considering an IPO after resolving the legal issues with the U.S. Securities and Exchange Commission (SEC). However, in October, CEO Brad Garlinghouse stated that an IPO was of low priority since the company was financially robust.
Despite the talk about a potential IPO in the past, Ripple is currently focusing on growth without the need for public funding or increased visibility. The company is prioritizing strategic acquisitions to bolster its financial reach. Though an IPO has been ruled out for now, it remains a possibility if Ripple's financial or strategic situation alters in the future.
In the meantime, Ripple is focusing on the here and now, leaving the world of stock exchanges behind for the time being. #RippleNews
Insights:- Ripple has officially ruled out an IPO for 2025, citing its financial strength and strategic acquisitions as reasons to remain private[1][2][3].- Ripple's CEO, Brad Garlinghouse, previously expressed interest in considering an IPO once the legal disputes with the SEC were resolved, but he reiterated that going public is not a priority[1][3].- Ripple is instead focusing on growth through strategic acquisitions and strengthening its financial position without the need for an IPO[1][2].- While an IPO may not be on the table currently, Ripple has not ruled out the possibility completely[1][2]. If its financial or strategic situation changes in the future, it may reconsider the IPO route.
- Ripple, the blockchain giant, has announced that it will not hold an Initial Public Offering (IPO) in 2025, choosing instead to focus on growth.
- Monica Long, Ripple's president, stated that the company has sufficient financial resources, which makes an IPO less appealing at this time.
- In the past, speculation about Ripple's potential IPO plans has been prevalent, with Garlinghouse hinting at the possibility after resolving legal issues with the United States Securities and Exchange Commission (SEC) in 2022.
- However, in October, CEO Brad Garlinghouse stated that an IPO was of low priority since the company was financially robust.
- Now, Ripple is prioritizing strategic acquisitions to bolster its financial reach and grow its business, rather than seeking public funding or increased visibility through an IPO.
- Although Ripple has ruled out an IPO for now, it has not completely closed the door on the possibility, stating that it may reconsider if its financial or strategic situation changes in the future.
