Ripple Not Planning IPO, Focuses on Payments and Partnerships

Ripple, a blockchain payments company, has no immediate plans for an IPO, as confirmed by President Monica Long during the Swell conference in New York. The company is focused on expanding its payments business, launching stablecoins, and forming new alliances.

Funding and Valuation

Ripple recently closed a $500 million funding round, valuing the company at $40 billion.
The round was led by Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The substantial backing indicates Ripple is financially robust and does not need public capital.

Market Position and Strategy

Ripple's decision contrasts with peers like Circle, Bullish, and Gemini, which have gone public.
Ripple's recent funding and customer growth support confidence in its growth trajectory and stablecoin strategy.
The company's focus includes integrating stablecoins and navigating regulatory frameworks.

Institutional Confidence and Market Impact

The $500 million raise at a $40 billion valuation reflects strong institutional confidence in Ripple's prospects.
Increased adoption of the XRP Ledger (XRPL) for stablecoin and cross-border payments could stabilize XRP’s price.
Current regulatory clarity in the US and internationally has boosted market adoption.
XRP trades within a range between $2 and $2.60, currently at $2.32, showing a 4.7% recovery in the past 24 hours with resistance at $2.69.

Ripple