Ripple says it has no plans for an initial public offering after strong fundraises, choosing to focus on execution instead.
Summary
- Ripple plans to remain private, citing strong financial health after a $500M funding round valuing the firm at $40B.
- President Monica Long said public markets are not needed to fund growth or expansion.
- The company is prioritizing acquisition integration, stablecoins, and institutional infrastructure over listing plans.
Ripple does not have a set timeline to go public and plans to remain private as it focuses on scaling its business and integrating recent acquisitions.
The comments were made by Ripple President Monica Long during a Bloomberg Crypto interview aired on Jan. 6.
Strong balance sheet removes urgency to list
Long said Ripple is not pursuing an IPO because it does not need public market capital to fund growth. She explained that companies typically go public to access liquidity and a broader investor base, but Ripple is already well capitalized.
Ripple raised $500 million in a funding round in November 2025, valuing the company at roughly $40 billion. Long said the firm was “very pleased” with the outcome and emphasized that the capital gives Ripple flexibility without the pressures of public markets.
The valuation marked a sharp step up from earlier benchmarks, including an implied $11.3 billion valuation tied to a share buyback earlier in 2025. The round attracted major investors across traditional finance and crypto, including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Rather than preparing for a listing, Long said management is focused on execution. That includes absorbing recent acquisitions and expanding Ripple’s stablecoin and payments businesses.
Acquisition-heavy 2025 shifts Ripple toward integration
For the majority of 2025, Ripple made a number of major acquisitions to establish its institutional infrastructure.
The biggest transaction was the $1.25 billion acquisition of prime broker Hidden Road, which was announced in April and closed in October. With the acquisition, Ripple became the first crypto-native company to own a global multi-asset prime broker that provides trading, financing, and clearing services for both digital assets and foreign exchange.
Other major deals included the $1 billion acquisition of GTreasury in October, expanding Ripple into corporate treasury management, and the $200 million purchase of payments platform Rail in August. Ripple also acquired custody firm Palisade later in the year.
CEO Brad Garlinghouse said in November that acquisition activity would slow in 2026, with attention shifting to integration and scaling. That approach appears unchanged. On Jan. 6, GTreasury announced its first add-on acquisition under Ripple, buying financial automation firm Solvexia.
Alongside infrastructure growth, Ripple continues to push stablecoins and network upgrades. RLUSD passed a $1 billion market cap in late 2025, while new features on the XRP Ledger, including lending and privacy tools, are expected to advance this quarter.
Source: https://crypto.news/ripple-no-specific-ipo-timeline-500m-raise-2025/
