Ripple News April 25: Despite continuous buzz and years of speculation, Ripple has confirmed that it has No plans for an IPO in 2025. The company behind XRP Chooses a different path, even after resolving his long -term legal dispute with the US Securities and Exchange Commission (SEC).
Why is Ripple IPO plan delayed?
Ripple’s President, Monica Long, said CNBC That the company is financially safe, with billions of dollars on cash reserves. She noted that IPOs are usually used to attract capital or to increase the visibility of the market – and not where Ripple is now needed.
Following her statement, CEO Brad Garlinghouse confirmed That the company is not quickly looking to become public quickly and does not require external financing.
Years of Hype around Ripple IPO BREVEN
The Rimple IPO Has been a subject of discussion for years. In 2022, Garlinghouse said that the company would consider becoming public once his legal fighting with the SEC had been resolved. Even after obtaining any legal clarity, he clarified at the end of 2023 that an IPO was not a top priority.
At the beginning of 2024, Rimpel bought back shares with a rating of $ 11.3 billion – down of a peak of $ 15 billion in 2022. That repurchase raised $ 285 million, giving the total financing of the company to $ 318.5 million. Investors are important names such as Andreessen Horowitz, Google Ventures and Founders Fund.
Focus on growth through acquisitions
Instead of becoming public, Ripple doubles due to the growth through acquisitions. One of the most important movements was the $ 1.25 billion purchase of hidden roadA prime brokerage that uses more than $ 3 trillion to annual transactions.
This acquisition is expected to strengthen the global presence of Ripple, especially in the Stablecoin space with the coming Rlusd token. It also indicates Ripple’s ambition to become a larger player in both traditional and digital finances.
FAQ
Ripple says that it does not need an IPO at the moment, because it has billions in cash and has no urgency to raise money or win public exposure. The company is financially strong and prefers to grow through acquisitions.
Yes, Ripple plans to integrate RLUSD into his growing global network. The recent acquisition of $ 1.25b from Hidden Road is an important step in this, with the aim of stimulating RLUSD’s approval in institutional financing.