Oh, the cheeky scoundrels at Ripple! While the rest of the crypto world is tripping over itself to jump on the IPO bandwagon, Ripple’s President Monica Long has casually waved them off with a “No thank you, we’re quite comfy where we are.” 🍷 No IPO timeline? No worries! They’re too busy sipping champagne from their $40 billion valuation cup. 🥂
- Monica Long, the queen of cool, declared Ripple has no plans for an IPO, citing their “fortunate position” (read: they’re rolling in dough). 💰 Their secret? Stablecoin payments are booming, thanks to the GENIUS act, which apparently made the market as wide as the Cheshire Cat’s grin. 😼
- While others are scrambling to go public, Ripple’s playing hard to get, securing $500 million in funding and cozying up to Mastercard, WebBank, and Gemini. Talk about a power move! 💪
According to Bloomberg (yes, the same folks who tell you the sky is falling), Monica Long spilled the beans at the Swell conference in New York. “No plan, no timeline,” she quipped, probably while twirling an imaginary mustache. 🕵️♀️ Ripple’s too busy fueling its growth and partnering with the big leagues to bother with the IPO fuss.
Why go public when you’re already the belle of the ball? Long didn’t spill the tea on Ripple’s latest revenue, but she did mention their customer base has doubled faster than a chocolate factory worker’s waistline. 🍫 All thanks to stablecoin payments, which are apparently the golden ticket these days.
Is Ripple missing the IPO train? 🚂
While other crypto firms are cashing in on IPOs like they’re Willy Wonka’s golden tickets, Ripple’s building its own chocolate factory. 🏭 With a $40 billion valuation and partnerships that would make even the coolest cucumber jealous, they’re not exactly crying into their stablecoins.
Their latest funding round? A cool $500 million, led by the likes of Fortress Investment Group and Citadel Securities. And let’s not forget their stablecoin RLUSD, which just hit a $1 billion market cap. That’s more zeros than a Dahl novel has twists! 📈
Meanwhile, Figure Technologies, Gemini, and Circle are all throwing IPO parties. Figure sold shares like hotcakes, Gemini capped proceeds at $425 million (plus a little extra from Nasdaq), and Circle raised a whopping $1.1 billion. But Ripple? They’re at home, feet up, sipping tea. 🍵
Kraken, Consensys, and HashKey are all eyeing the IPO train, but Ripple’s waving from the sidelines, shouting, “Catch you later, suckers!” 🚀
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2025-11-06 11:15