Ripple President denies IPO in 2025: Current financial situation is sound and no financing is needed

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According to ChainCatcher, citing Finance Magnates, after years of market speculation, Ripple has explicitly denied plans to launch an IPO in 2025. In an interview with CNBC, Ripple President Monica Longing stated that an IPO is not in the company's plans. She emphasized that Ripple currently has a robust financial position billions of dollars in cash reserves, and does not need to raise funds or increase market exposure through going public live.

Longing further pointed out that companies typically go public for two main reasons: raising capital or expanding brand influence, but Ripple currently has "no need for either".

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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