Ripple, the blockchain technology company behind the cryptocurrency XRP, has officially confirmed that it will not proceed with its IPO (initial public offering) plan in 2025. This is a surprising move, marking an important strategic shift after years of speculation and expectations from the market.
Long-term strategic priorities instead of public listing
Although it has achieved legal clarity after a prolonged battle with the U.S. Securities and Exchange Commission (SEC), Ripple stated that the company currently has no need for a public listing. Instead, Ripple is focusing on alternative growth strategies such as acquiring businesses and expanding digital financial products, aiming to establish its position as a global financial organization connecting both the traditional and blockchain worlds.
According to Ripple's President, Monica Long, the company holds billions of dollars in reserve funds and does not require capital from public markets to maintain operations or enhance brand reputation. She shared with CNBC that Ripple "has strong resources" and "does not rely on an IPO for growth."
This contrasts with the expectations of many analysts and long-term investors, who had viewed an IPO as the logical next step following Ripple's legal victory and stable financial foundation.
