Ripple’s president, Monica Long, has announced that the company will not pursue an initial public offering (IPO) in the near future, despite its $40 billion valuation and Wall Street backing, opting instead to remain private and focus on its current growth plans and innovations.
Ripple President Monica Long confirms the company has no plans for an IPO, focusing instead on private growth and global payments innovation following a $500 million fundraise.
Ripple has raised $500 million at a $40 billion valuation but remains committed to staying private, citing strategic investor relationships as the reason to avoid an IPO. Learn more about its decision and its implications.
Ripple President Monica Long confirms the company’s plans to remain private, despite significant growth and expansion. The decision underscores a long-term strategic vision focused on global payment solutions and strategic partnerships.