Ripple CEO denies plans to launch IPO in 2025: current financial condition stable, no need for financing

According to Finance Magnates, after years of market speculation, Ripple has explicitly denied launching an IPO in 2025. In an interview with CNBC, Ripple President Monica Long stated that an IPO is not part of the company's plans. She emphasized that Ripple's current financial situation is stable, holding billions of dollars in cash reserves, and there is no need to raise funds through IPO or increase market exposure. Long further pointed out that companies usually go public for two main motives: raising funds or expanding brand influence, but at this stage, Ripple has "no demand for either". Previously, Ripple CEO Brad Garlinghouse reiterated multiple times that Ripple neither seeks external capital injection nor has any short-term plans to go public. In fact, rumors of Ripple's listing have been ongoing for several years. In 2022, Garlinghouse stated that it would reassess the possibility of an IPO once the legal dispute with the US Securities and Exchange Commission (SEC) is settled. However, with the settlement reached by both parties at the end of 2023, Garlinghouses once again emphasized that going public is not a priority for Ripple.