Tag: relationships

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.