Ripple Affirms No IPO Plans, Citing Strong Balance Sheet and Growth Focus

Ripple President Monica Long reiterated the company’s decision to remain private and has no current plans for an initial public offering (IPO). In an interview with Bloomberg, Long stated that Ripple is in a strong financial position and does not require access to public markets to fund its growth.

The company recently completed a $500 million funding round in November 2025, valuing Ripple at $40 billion. This round was led by institutional investors such as Fortress Investment Group and Citadel Securities. The funding provides Ripple with significant capital to continue its expansion.

Ripple has been growing through strategic acquisitions, including Hidden Road, Rail, GTreasury, and Palisade. These acquisitions, totaling nearly $4 billion, are part of Ripple’s strategy to become a leading provider of enterprise digital asset infrastructure.

Why Did This Happen?

Ripple’s decision to forgo an IPO is rooted in its strong financial health and growth trajectory. Long emphasized that the company can continue to invest in its products and infrastructure without the pressures and expectations of public markets.

The recent funding round provided Ripple with the necessary resources to maintain its growth. Investors were attracted by Ripple’s robust balance sheet and the company’s ability to execute on its expansion strategy.

Ripple’s decision to remain private has not deterred major investors or partners from supporting its growth. The company’s ability to execute its strategic vision will be a key indicator of its future performance. According to executive statements, this approach aligns with long-term value creation.