In a recent interview with CNBC, Ripple President Monica Long clarified that the company currently has no plans for an IPO, as the company's financial condition is strong and cash reserves are ample. She emphasized that Ripple is currently in a 'growth' phase, focusing on business expansion rather than going public. Long also pointed out that Ripple has billions of dollars in liquid assets on its balance sheet, so there is no necessity for an IPO at this time. CEO Brad Garlinghouse has previously stated that going public is not a current priority for the company, given its strong financial position.