Ripple Confirms No IPO Plans and Emphasizes Growth Focus for 2026

Ripple President Monica Long confirmed the company has no immediate plans to pursue an initial public offering (IPO). She said the firm’s robust financial position and growth strategy make an IPO unnecessary.

Long emphasized that Ripple is well-capitalized and has the flexibility to grow without relying on public market liquidity. “We’re in a really healthy position to continue to fund and invest in our company’s growth without going public,” she stated in a Bloomberg interview.

Ripple recently raised $500 million in a November 2025 funding round, valuing the company at $40 billion. The round included participation from major investors like Fortress Investment Group, Citadel Securities, and crypto-native funds.

Why the Move Happened

Ripple’s decision to remain private follows a year of aggressive expansion. In 2025, the firm spent nearly $4 billion acquiring key infrastructure providers, including global multi-asset prime broker Hidden Road, stablecoin platform Rail, and treasury management firm GTreasury.

These acquisitions are part of Ripple’s broader strategy to become a full-service provider of digital asset infrastructure. “The whole strategy of our company is to create products,” Long said, “so the connective tissue that traditional finance needs to make blockchain and cryptocurrencies actually useful in the real world” according to Long.

Ripple’s balance sheet strength, backed by a $40 billion valuation, has removed the need to raise additional capital via an IPO. “The company is in a healthy position to continue to fund and invest in our growth without going public,” Long reiterated.

How Markets Responded

The firm’s financial performance has improved significantly in recent quarters. Ripple’s customer base doubled quarter over quarter in 2025, according to Long, with no revenue figures disclosed.

The recent $500 million raise also reflects growing institutional confidence in Ripple’s business model. The round attracted both traditional and crypto-focused investors, signaling strong support for the company’s vision.

Ripple’s stablecoin RLUSD, a key part of its infrastructure, has also gained traction. The stablecoin has become central to Ripple’s payments and credit businesses.

What Analysts Are Watching

Analysts are closely following Ripple’s ability to integrate its recent acquisitions and scale its infrastructure services. The company is now focusing on executing its strategy rather than preparing for an IPO.

Regulatory developments in the U.S. and globally will also be important. Ripple has secured conditional national bank charter approvals, giving it direct access to the Federal Reserve’s payment infrastructure.

Investors will be watching for signs of continued growth in Ripple’s enterprise offerings, including its stablecoin payments and treasury management platforms. The company’s ability to leverage its strong balance sheet while expanding its product portfolio will be key to its long-term success.