Ripple reiterated that it has no plans for an IPO and prefers to achieve growth through mergers and acquisitions and product expansion.

According to Bloomberg, Ripple President Monica Long reiterated that the company has no IPO plans at present, stating that Ripple's balance sheet is strong and it prefers to achieve growth through mergers and acquisitions and product expansion. Ripple completed a $500 million funding round in November 2025, valuing the company at approximately $40 billion, with investors including Fortress Investment Group and Citadel Securities. In 2025, Ripple completed four acquisitions (Hidden Road, Rail, GTreasury, and Palisade), totaling nearly $4 billion. As of November last year, Ripple Payments had processed over $95 billion in transactions, with its USD stablecoin RLUSD becoming the core of its payments and institutional business.