Ripple's IPO is off the agenda for now, president Monica Long says
Ripple has no plans for a public offering despite other crypto companies moving to public markets. At Ripple’s Swell conference, president Monica Long confirmed there is no IPO timeline. The company recently raised $500 million at a $40 billion valuation, with participation from notable financial institutions, to fund its growth and partnerships independently. Ripple reported doubling its customer base due to greater use of stablecoin payments and clearer regulatory frameworks. CEO Brad Garlinghouse highlighted increasing momentum and validation from financial markets. Ripple also benefits from regulatory changes under a new U.S. framework for stablecoins and the resolution of its long-standing lawsuit with the SEC, which significantly boosted XRP adoption and reduced legal uncertainties.
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Ripple's Decision on IPO Plans
Ripple is not planning to go public anytime soon, even as other crypto companies have moved toward public markets this year. This was confirmed by Monica Long, the president of Ripple, during the company’s Swell conference in New York, as reported by Bloomberg. Monica said, “We do not have an IPO timeline. No plan, no timeline.”
Crypto Companies and IPO Trends
Meanwhile, many major companies in the crypto industry have already completed initial public offerings (IPOs) as the value of crypto climbed over the first nine months of the year. These companies include stablecoin issuer Circle, exchanges Bullish and Gemini, and blockchain lender Figure. Additionally, crypto exchange Kraken is also preparing for its own market debut.
Ripple's Recent Investment and Growth
Ripple announced that it raised $500 million at a $40 billion valuation. The investment round included participation from prominent financial players such as Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
This new funding enables Ripple to continue developing its products, securing partnerships, and expanding operations without relying on public markets. Monica Long emphasized Ripple’s strong financial position, stating, “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do.”
Furthermore, Ripple doubled its customer base from one quarter to the next, driven by increased adoption of stablecoin-based payments and favorable regulatory changes.
CEO's Perspective and Market Position
Ripple’s CEO, Brad Garlinghouse, commented on the funding by stating that the investment “reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world.”
Ripple continues to position itself as an "infrastructure partner" for banks and institutions wanting access to crypto and blockchain technologies without building systems themselves.
Impact of Regulatory Changes
Ripple’s business has been boosted by changes in U.S. regulatory policy under Donald Trump’s second administration, which approved the first federal regulatory framework for stablecoins. This framework has provided clarity for companies launching stablecoin-related products, encouraging traditional financial institutions across Wall Street to enter the crypto market in larger numbers.
Ripple's SEC Case Resolution and Market Impact
Earlier this year, the SEC ended its infamous lawsuit against Ripple, which had been ongoing since 2020 when the agency accused Ripple of offering unregistered securities through the sale of its native token, XRP.
Following the resolution and reduced legal uncertainty, XRP has rallied by around 8% this year, supported by expanded adoption and greater clarity in the market.
Effects of U.S. Government Shutdown on IPOs
The ongoing U.S. government shutdown, the largest in history, has slowed down the processing of public offerings, affecting companies that filed IPO paperwork in September and October. Companies such as Andersen Group, Medline, and Wealthfront had aimed to list before Thanksgiving but were forced to delay plans due to the shutdown.
According to Bloomberg, some companies that proceeded with public debuts faced mixed responses, suggesting that those waiting may benefit from their cautious approach.