Ripple, the San Francisco-based blockchain and payments technology firm, has ruled out any immediate plans to go public, even as several other major cryptocurrency companies make their market debut amid renewed optimism in the digital asset sector.
Speaking at Ripple’s annual Swell conference in New York, company president Monica Long told Bloomberg, “We do not have an IPO timeline, no plan, no timeline.”
Her comments come at a time when industry peers such as Circle Internet Group, Bullish, Gemini, and Figure Technologies have all launched initial public offerings (IPOs) in 2025, while crypto exchange Kraken is reportedly preparing for its own listing.
Financial Strength and Funding
Despite steering clear of the IPO path for now, Ripple’s financial strength remains robust. The company announced on Wednesday that it had raised $500 million at a $40 billion valuation in its latest funding round.
The investment was led by funds affiliated with Fortress Investment Group and Citadel Securities, along with participation from prominent crypto investors including Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
“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.
Growth Drivers and Future Outlook
Although Ripple did not disclose its 2024 revenue figures, Long revealed that the company had doubled its customer base quarter-over-quarter, citing growing adoption of stablecoin payments and clearer regulatory frameworks both in the United States and overseas as key growth drivers.
Ripple’s decision to remain private signals confidence in its current financial footing and long-term strategy, even as investor interest in publicly listed crypto companies continues to surge.
The firm, best known for its blockchain-based cross-border payments network and digital asset XRP, appears focused on expansion and innovation rather than chasing short-term market valuations.
At a time when the digital asset industry is regaining momentum, Ripple’s steady approach may reflect a desire to consolidate its position before considering any move toward public markets.