Ripple Has 'No Plans' For Public Offering, President Says Despite Crypto Listing Boom

Core Insights - Ripple has no plans or timeline for an IPO, as stated by President Monica Long, which contrasts with the trend of other companies in the cryptocurrency sector going public [1][3] - The company remains well-capitalized and is focusing on growth through strategic partnerships and acquisitions rather than public offerings [3][4] Company Strategy - Ripple raised $500 million at a valuation of $40 billion, led by Fortress Investment Group and Citadel Securities, viewing this as an opportunity for strategic partnerships rather than a necessity [4][5] - The company has been actively expanding through acquisitions, including the purchase of Hidden Road for $1.25 billion, Rail for $200 million, GTreasury for $1 billion, and Palisade for an undisclosed amount [6]