Ripple Has No Plans for an IPO

Ripple has no intention of launching an IPO and plans to stay a private company. This was confirmed by CEO Monica Long in an interview with Bloomberg, where she emphasized the firm’s solid financial health and its focus on continued growth without relying on public markets.

As Long explained, companies typically choose to go public in order to gain access to capital and liquidity. In Ripple’s case, however, there is no such need. The company is in a sufficiently strong financial position to fund its own growth, invest in new products, and pursue acquisitions independently.

In November 2025, Ripple raised $500 million in funding at a valuation of $40 billion. Participants in the round included Fortress Investment Group, Citadel Securities, and several crypto-focused investment funds. When asked about the details of the deal—such as investor protections—Long described the terms as highly favorable for Ripple. She did not, however, disclose whether these provisions were crucial in attracting major investors or in achieving the company’s valuation.

The year 2025 marked a period of intense expansion for Ripple. The company completed four major acquisitions with a combined value of nearly $4 billion. These included Hidden Road, Rail, GTreasury, and Palisade. Through these deals, Ripple aims to position itself as a comprehensive digital asset infrastructure provider for institutional clients.

By November, Ripple Payments had processed transactions worth more than $95 billion. Meanwhile, Ripple Prime—developed following the acquisition of Hidden Road—expanded its offering to include secured lending and institutional XRP-related products. In both areas, the U.S. dollar–pegged stablecoin RLUSD plays a key role.

According to Long, Ripple’s overarching goal is to build products that bridge traditional finance and blockchain technology, enabling digital assets to have practical, real-world use within the global economy.