Ripple says it has no plans to go public anytime soon, even after raising a massive amount of money. Instead, the company says it’s focused on building and executing, not chasing an IPO.
In a Bloomberg Crypto interview aired on January 6, Ripple President Monica Long said the company is financially strong and doesn’t need the public markets to grow.
Ripple raised $500 million in November 2025, valuing the company at around $40 billion. Long said the company was very happy with the raise and made it clear that the funding gives Ripple all the flexibility it needs—without the pressure that comes with being a public company.
“Companies usually go public to raise money or get liquidity,” Long explained. “We don’t need that right now.”
That valuation was a big jump from earlier in the year, when a share buyback implied a value closer to $11.3 billion. The latest funding round attracted major names from both traditional finance and crypto, including Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
Instead of preparing for an IPO, Ripple is putting its energy into integrating acquisitions and expanding its core businesses, especially payments, stablecoins, and institutional infrastructure.
And 2025 was a busy year on the acquisition front.
Ripple’s biggest deal was the $1.25 billion purchase of Hidden Road, a global prime broker. Announced in April and completed in October, the deal made Ripple the first crypto-native company to own a multi-asset prime broker offering trading, financing, and clearing across crypto and foreign exchange.
The company also bought GTreasury for $1 billion in October, pushing deeper into corporate treasury services. Earlier in the year, Ripple acquired payments platform Rail for $200 million and later added custody firm Palisade to its lineup.
Ripple CEO Brad Garlinghouse said late last year that acquisitions would slow in 2026, with more focus on integration and scaling. That plan hasn’t changed. On January 6, GTreasury announced its first follow-on deal under Ripple, acquiring financial automation firm Solvexia.
At the same time, Ripple continues to build out its products. Its stablecoin RLUSD passed a $1 billion market cap in late 2025. New upgrades to the XRP Ledger, including lending and privacy features, are expected to roll out this quarter.
Bottom line: Ripple isn’t rushing to ring the bell on Wall Street. With strong funding, major acquisitions already done, and a clear focus on execution, the company says staying private makes more sense—for now.
