XRP News: Ripple President states no IPO plans after $500 million stock sale

Ripple raised approximately $500 million through a secondary stock offering in November, with a company valuation of around $40 billion. The funding attracted new investors including Fortress and Citadel, as well as existing crypto funds. President Monica Long stated that these funds will be used to support the company’s growth and the four recent acquisitions. Ripple is focused on integrating these businesses and expanding its digital asset infrastructure for financial institutions. The company highlighted its strategic positioning in stablecoin payments and real-world financial applications, while also diversifying beyond XRP through secure custody, compliance, and regulated deposit and withdrawal channels. Ripple holds over 70 global licenses and continues to strengthen its regulatory footprint. Despite strong investor confidence and special terms in the transaction agreement such as buyback rights, Long confirmed that there are currently no plans for an IPO. She pointed out that the company’s balance sheet remains robust and that it is exploring other growth avenues, such as applying for a limited US banking license.