Ripple CEO confirms that the company will not go public in 2025

Odaily Planet Daily News: Ripple President Monica Long stated in an interview that Ripple has no plans to go public in 2025. Long pointed out that the company has sufficient cash reserves and does not need to raise funds through IPO or increase its visibility, and CEO Brad Garlinghouse also supports this decision. Previously, Ripple had repurchased some of its shares at a valuation of $11.3 billion this year, lower than its valuation of $15 billion in 2022, demonstrating its strategic direction of maintaining independent development. （Cointelegraph）