Ripple President Monica Long said the company has no plans to pursue an IPO after raising $500 million in November at a $40 billion valuation, choosing private growth over public market scrutiny.
Ripple Chooses Private Growth Over Public Markets
Long told Bloomberg the company plans to remain private, citing its robust financial position and preference for expanding through acquisitions and product development without accessing public markets.
The November funding round drew investors including Fortress Investment Group, Citadel Securities, and other crypto-focused funds.
Long described the deal structure as “very positive, very favorable for Ripple.”
She said the company didn’t need to raise money but saw strong demand from major institutional players.
The strategy driving most IPOs is to access investors and liquidity in public markets, but Ripple is in a healthy position to fund growth without going public.