Ripple, the San Francisco-based blockchain company, is prioritizing its growth strategy over plans for a public offering (IPO). In a recent interview with CNBC, President Monica Long stated that there are no immediate intentions to go public, attributing this decision to the company’s robust liquidity and a focus on strategic acquisitions to propel expansion. Currently, Ripple boasts billions in cash reserves, allowing it to operate without the need to access public markets. Long emphasized that the company is actively seeking growth opportunities through strategic investments, rather than looking for funding through an IPO.
This approach reflects a commitment to internal growth as the company navigates a market that often favors rapid public listings. Additionally, Long highlighted the significant role of XRP in Ripple’s ecosystem, noting its necessity for transaction fees and as a reserve asset within the XRP Ledger. Ripple’s stance on the IPO issue is not new. The company has previously dismissed speculation regarding going public.
In 2022, CEO Brad Garlinghouse hinted that an IPO could be considered post-resolution of its legal battles with the U.S. SEC. However, by the end of that year, Garlinghouse reiterated that going public was not on the agenda, reinforcing Ripple’s strategy grounded in strong liquidity and solid business performance. Looking ahead, Long stated that Ripple aims to expand its global footprint through strategic partnerships and acquisitions. The XRP token remains a significant player in the cross-border payments arena, gaining traction especially in markets like Japan.
The company envisions its role as a critical link between traditional finance and blockchain technology, facilitating the transition between fiat and digital assets while providing key services for institutions. Ripple appears confident in its growth path, believing that it does not need the validation of public markets to succeed.