Ripple will not go public in 2025. Monica Long, President of Ripple, confirmed this decision in a recent interview. The company remains financially strong and holds billions in cash.
Ripple previously bought back some of its shares recently at an $11.3 billion valuation, down from its $15 billion valuation in 2022. Ripple has talked for several years about a possible IPO.
In 2022, CEO Brad Garlinghouse indicated that Ripple might go public once it resolved its legal issues with the SEC. Even after settling the proceedings in late 2023, Garlinghouse and Long emphasized that Ripple does not see an IPO as a current necessity.
Often, firms do a public offering to obtain funds or for market visibility. Ripple does not have a need for additional financing or publicity at this time.
Ripple acquires hidden road for $1.25 billion
The company is resource-rich with the strong investor support of Andreessen Horowitz and Google Ventures, as well as the backing of the Founders Fund.
XRP expands through partnerships as well as acquisitions. This year, XRP acquired Hidden Road for $1.25 billion. Hidden Road is a worldwide prime broker offering services for asset classes including foreign exchange, digital assets, and fixed income.
With this move, Ripple became the first crypto firm to have a global multi-asset prime brokerage. XRP extended its network with new alliances. It partnered with Revolut and Zero Hash for a stronger presence in the stablecoin market.
XRP teamed up with Unicâmbio to support real-time transactions from Portugal to Brazil with the aid of digital assets. Ripple continues expanding beyond Europe, as BDACS plans to use XRP Custody to secure XRP and RLUSD tokens in South Korea.
Ripple pursues global expansion without going public
Ripple foresees Japanese banks beginning to utilize the XRP Ledger for international payments by 2025. XRP is furthermore collaborating with Chainlink for the inclusion of its RLUSD stablecoin into Ethereum-based DeFi.
XRPUSD depicts modest action within the market. It remains firmly wedged between the 2.22000 and 2.16700 levels on the H1 chart. Since the price shows no clear break, traders find limited opportunities for solid risk-to-reward setups.
Ripple demonstrates its plan for steady growth through its strong financial standing and worldwide expansion, without needing to become a publicly traded firm.It will continue to grow its presence throughout markets while concentrating its efforts at innovation within blockchain technology.
