Ripple Rules Out 2025 IPO as Company Maintains Solid Financial Position

• Ripple confirms no IPO plans for 2025 after years of market speculation.
• Ripple’s valuation drops to $11.3 billion after share repurchase activity in early 2025.
• Ripple expands its global presence through the acquisition of Hidden Road and new strategic partnerships.

Ripple has officially confirmed it will not pursue an initial public offering (IPO) in 2025. Despite years of speculation, the company behind XRP has opted to remain private. President Monica Long clarified during an interview with CNBC that Ripple holds strong liquidity, possessing billions in cash. 

Long emphasized that Ripple neither requires additional capital nor seeks enhanced visibility, two typical reasons companies launch IPOs. Consequently, Ripple’s leadership determined that a public listing is not necessary at this time.

Ongoing IPO Speculation Ends

Rumours about Ripple going public have been around for many years. CEO Brad Garlinghouse said in 2022 that an IPO could follow the settlement of Ripple’s legal issues with the SEC. Though the case ended in late 2023, Ripple’s leadership underlined that an IPO is not required. Garlinghouse and Long both insist that Ripple does not want outside financing.

Besides, Long stated that Ripple’s position eliminates the usual motives companies have for listing publicly. Therefore, the company’s decision marks a clear end to prolonged market rumors regarding its future plans. Ripple’s valuation has experienced notable adjustments over the past two years. In early 2025, Ripple executed a share repurchase at an $11.3 billion valuation. This figure represented a decrease from the previous $15 billion valuation achieved in 2022.

Ripple increased about $285 million via the share buyback, bringing its total funding to about $318.5 million. Especially important to Ripple are well-known figures, including Andreessen Horowitz, Google Ventures, and Founders Fund. Their ongoing support shows ongoing faith in Ripple’s corporate strategy.

Expanding Global Presence Through Partnerships

Ripple has expanded its global impression through central acquisitions and partnerships. In a significant move, Ripple acquired Hidden Road for $1.25 billion, securing control over a global, multi-asset prime brokerage.

Hidden Road provides clearing, prime broking, and financing across fixed income markets, derivatives, swaps, digital assets, and foreign exchange. Ripple has also worked with Revolut and Zero Hash to improve its stablecoin presence, therefore competing with USDT and USDC among other well-known leaders.
Moreover, Ripple signed a partnership with Unicâmbio to facilitate real-time digital asset payments between Portugal and Brazil. In South Korea, BDACS will utilize Ripple Custody to store XRP and RLUSD assets.  Furthermore, Ripple is working with Chainlink to integrate RLUSD into Ethereum-based DeFi platforms. Ripple anticipates that Japanese banks to begin embracing the XRP Ledger for cross-border marketing by 2025.