Ripple, the company behind XRP, has officially announced that it has no plans to go public in 2025 🚫📈. In an interview with CNBC, Ripple’s President, Monica Long, shared that an Initial Public Offering (IPO) isn’t on their roadmap at the moment 🛣️.
Long pointed out Ripple’s strong financial position 💰, mentioning that the company holds billions in cash reserves. “We’re in a place where we don’t need to raise more funds or seek extra publicity,” she said, putting an end to years of speculation around a possible IPO 🔥.
She also highlighted that Ripple boosted its finances earlier this year by buying back shares, valuing the company at $11.3 billion, compared to a $15 billion valuation back in 2022 📉. Ripple’s CEO, Brad Garlinghouse, backed Long’s remarks, emphasizing that Ripple isn't looking for outside investments and has no rush to go public 🛑.
Although Garlinghouse had previously hinted that an IPO could happen after Ripple settled its legal fight with the SEC ⚖️ in 2022, he now made it clear: going public is not a priority for Ripple, even after the case wrapped up in late 2023 ✅. #xrp #Ripple #cryptocurrencies #altcoins #crypto
$XRP