Ripple President Confirms Company Will Not Go Public in 2025
Ripple President Monica Long stated in an interview that Ripple has no plans to go public in 2025. Long pointed out that the company has sufficient cash reserves and does not need to raise funds through an IPO or increase its visibility, a decision supported by CEO Brad Garlinghouse.
Previously, Ripple had repurchased some shares this year at a valuation of $11.3 billion, down from a $15 billion valuation in 2022, indicating its strategic orientation towards maintaining independent development.
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