Ripple’s President Long Confirms ‘No Plan, No Timeline’ for IPO Despite Industry Listing Rush

Ripple Shuts Down IPO Speculation Despite Crypto Firms Rushing To Go Public

Ripple is taking a different path from many of its peers in the cryptocurrency industry, deciding not to pursue a public listing for now.

The company’s president, Monica Long, confirmed that there are no immediate plans or timelines for an initial public offering (IPO), even as a wave of crypto firms heads towards public markets this year.

Long told Bloomberg during Ripple’s annual Swell conference in New York,

“We do not have an IPO timeline. No plan, no timeline.”

She added that the company is in a strong financial position that removes the need for external funding.

Why Ripple Is Staying Private While Others Go Public

In contrast, several major players in the crypto sector have already launched or announced IPOs.

Stablecoin issuer Circle, exchanges Bullish and Gemini, and blockchain lender Figure all completed their public debuts earlier this year, while Kraken is reportedly preparing for its own listing.

The trend comes as the crypto market regained momentum through the first nine months of the year, pushing valuations higher and reigniting investor appetite.

Ripple, however, is choosing independence.

Rather than tapping into public capital markets, the company secured $500 million in new funding at a $40 billion valuation.

The round drew participation from heavyweight investors including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

$500 Million Boost Strengthens Ripple’s Global Push

According to the company, the fresh investment will fuel product development, global expansion, and new strategic partnerships without relying on public offerings.

Long said Ripple has consistently been able to fund its operations through its own resources.

“We’re in a fortunate position where we’ve been able to be very well capitalized and fund all of our organic growth, inorganic growth, strategic partnerships, anything we want to do.”

Ripple’s CEO Brad Garlinghouse described the investment as a vote of confidence from global financial institutions.

He stated that the funding “reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world.”

Rapid Customer Growth Driven By Stablecoin Adoption

While Long declined to disclose Ripple’s 2024 revenue, she revealed that the company doubled its customer base quarter-over-quarter.

She attributed this surge to rising adoption of stablecoin-based payment systems and a clearer regulatory environment both in the United States and internationally.

The shift has positioned Ripple as an infrastructure provider for banks and financial institutions that want exposure to blockchain and crypto solutions without building their own systems.

Regulatory Clarity Fuels Ripple’s Recovery After SEC Case Ends

Ripple’s strong year follows the resolution of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC).

The case, which began in 2020 over allegations that Ripple sold unregistered securities through its XRP token, was formally closed earlier this year.

The end of the lawsuit, alongside new regulatory frameworks introduced under President Donald Trump’s administration, has improved market conditions for companies dealing in stablecoins.

The United States recently approved its first federal regulatory framework for stablecoins, giving firms clearer guidelines for launching and managing crypto-linked products.

This clarity has prompted a surge of institutional involvement across Wall Street, where traditional finance firms are increasingly adopting digital asset infrastructure.

XRP, Ripple’s native token, has risen about 8% this year as a result of the renewed confidence and broader adoption.

Public Market Delays Offer Ripple Breathing Room

While Ripple stays private, a record U.S. government shutdown has slowed the processing of IPO filings, creating uncertainty for companies planning public listings.

Firms such as Andersen Group, Medline, and Wealthfront, which aimed to list before Thanksgiving, were forced to delay their offerings.

Some of those that managed to go public have faced mixed market reactions — a development that may further justify Ripple’s decision to hold off on an IPO.

For now, the company appears content to build privately, supported by deep-pocketed investors and a rapidly expanding customer base.