Ripple Says No IPO Despite $40B Valuation and Wall Street Interest

Ripple has no plans to pursue an initial public offering despite closing a $500 million fundraising in November at a $40 billion valuation that attracted major Wall Street players. President Monica Long confirmed the decision in a Bloomberg interview, stating the company remains committed to staying private while leveraging strategic investor relationships and a strong balance sheet to fund continued expansion. The $40 billion valuation round brought Fortress Investment Group and Citadel Securities onto ...