Ripple Rules Out IPO Plans Despite Million Raise at Billion Valuation

Ripple shuts down ipo speculation

Ripple President Monica Long said the company has no plans for an initial public offering (IPO), which means selling shares on a stock exchange. She said Ripple is in a strong financial position after a large private funding round and stated that the firm intends to stay private instead of pursuing an IPO.

Private funding round and valuation details

In November 2025, Ripple raised $500 million from institutional investors at a $40 billion valuation. The funding round was led by Fortress Investment Group and Citadel Securities, both established financial firms. This round took place in private markets and valued Ripple at a level usually seen in large listed financial technology companies.

This investment reflects both Ripple's incredible momentum, and further validation of the market opportunity we're aggressively pursuing by some of the most trusted financial institutions in the world. — Brad Garlinghouse, CEO, Ripple

Growth in payments and acquisitions

By late 2025, Ripple reported that Ripple Payments volumes had surpassed $95 billion in transactions. During 2025, the company completed several acquisitions, including deals for firms that support custody, stablecoins, prime brokerage and corporate treasury services, with disclosed values adding up to a multi‑billion‑dollar total.

Reasons to stay private for now

Long said companies usually use IPOs to create liquidity for shareholders, but Ripple does not need that step after the November 2025 funding round. She said Ripple has a strong balance sheet and access to private capital, so the company can fund growth and acquisitions while remaining private instead of listing its shares.