Ripple has no plans to pursue an initial public offering, according to company president Monica Long. Speaking in an interview with Bloomberg, Long said the firm’s current financial position allows it to continue expanding without tapping public markets.
Long explained that companies typically consider going public to gain access to liquidity and broader pools of capital. In Ripple’s case, however, those drivers are not pressing. She described the company as being in a “very healthy financial position,” enabling it to fund growth internally while remaining privately held.
Instead of preparing for an IPO, Ripple is prioritising product development and strategic expansion through acquisitions. Long noted that the company remains focused on building infrastructure that connects traditional financial systems with blockchain-based solutions, adding that a change in corporate status is not part of its current strategy.
Her comments follow a recent fundraising round in which Ripple raised $500 million at a valuation of approximately $40 billion.
Long characterised the financing terms as supportive of Ripple’s long-term objectives but declined to disclose details related to investor protections or special rights tied to a potential sale of the business.
Throughout 2025, Ripple has accelerated its expansion through mergers and acquisitions. The company completed several major deals, including the purchase of prime brokerage Hidden Road and payments-focused stablecoin platform Rail. It also acquired treasury management provider GTreasury and custody firm Palisade, bringing total M&A spending close to $4 billion.
According to Ripple, transaction volumes processed via Ripple Payments have surpassed $95 billion. The company’s institutional arm, Ripple Prime, has broadened its offering to include additional lending and trading products, while the U.S. dollar-backed stablecoin RLUSD continues to play a central role in Ripple’s ecosystem.
Earlier this year, Ripple’s stablecoin received regulatory approval in Abu Dhabi, marking a key milestone in the company’s push to expand within regulated international markets.