Ripple CEO confirms company won’t go public until 2025

Odaily News Ripple President Monica Long said 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 or increase its visibility through an IPO. CEO Brad Garlinghouse also supports this decision. Previously, Ripple has repurchased some shares at a valuation of US$11.3 billion this year, which is lower than the valuation of US$15 billion in 2022, indicating its strategic orientation of maintaining independent development. (Cointelegraph)