The post Ripple IPO Plans Off Despite SEC Case Wcom. Ripple, the US blockchain company behind the XRP cryptocurrency, will not pursue an initial public offering following the conclusion of its years-long legal battle with the Securities and Exchange Commission. Ripple president Monica Long said the company has no plans or timeline for an IPO, according to a Bloomberg report on Wednesday. “We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do,“ Long said. Ripple’s decision to forgo an IPO ends years of speculation, after multiple executives had hinted at one. The company was hit with a $1. 3 billion SEC lawsuit in late 2020. Ripple doesn’t report revenue As a private company, Ripple doesn’t publish full annual profit or revenue. According to estimations by the market intelligence platform CBI Insights, Ripple’s 2024 revenue was $1. 3 billion. Long declined to share 2024 revenue in the report but said the company doubled its customers, driven by Ripple USD (RLUSD) stablecoin adoption and greater regulatory clarity globally. Related: Ripple’s RLUSD enters top 10 USD stablecoins less than year after debut The raise follows Ripple’s “strongest year to date” and a $1 billion tender offer, valuing the company at $40 billion. “As Ripple continues its record year of growth, providing liquidity for shareholders and employees remains a priority,” Ripple said in the $500 million raise announcement, adding that it has repurchased more than 25% of its outstanding shares in recent years. Ripple CEO Brad Garlinghouse announced that the SEC was dropping its multi-year action against the company in March. He previously hinted at a.
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Ripple News: Ripple Confirms No IPO Timeline After $500 Million Funding Round
The post Ripple News: Ripple Confirms No IPO Timeline After $500 Millicom. Ripple has “no plans or timeline” for an IPO, President Monica Long stated. This follows a $500 million funding round valuing it at $40 billion. Ripple President Monica Long made a significant announcement. At the Swell conference in New York, she stated the company has “no plans or timeline” for an IPO. This means no intention for the short term. As a result, Ripple will not be participating in other crypto companies going public. Ripple Dismisses Market Rumors of Imminent Public Listing Her comments come after a recent funding round of $500 million. This seed funding greatly boosted Ripple’s valuation. The company is currently valued at $40 billion. Therefore, this statement implies that Ripple will continue to remain private. Related Reading: Ripple News: Ripple Hits $40 Billion Valuation After $500 Million Strategic Funding Round | Live Bitcoin News Bloomberg talked to Monica Long, who only said: “We don’t have an IPO timeline.” She repeated “No plan, no timeline.” This clarity dispenses with the constant market speculation. According to a Bloomberg report, Ripple is not going to follow other digital asset companies. Many are looking for public listings. As a result, Long pointed out the company’s internal priorities. They are focusing on internal growth and building their ecosystem. This focus is more important than an IPO. Her comments rule out market speculation. These rumors indicated that Ripple would be going public soon. Thus, the company is taking its own path. Earlier this year, investors from around the world came in for Ripple’s latest round of funding. This private financing was a major driving force behind its valuation. It was the company’s initial public offering in six years. It was also its biggest capital injection since 2019. The US $500 million investment was participated in by well-known companies. The round was led.