While the rest of the crypto world is playing Wall Street’s favorite game of “Let’s Get Listed,” Ripple’s just sipping champagne and whispering, “Not today, darling.” At its Swell conference in New York, Ripple President Monica Long dropped the mic (metaphorically, of course) and confirmed the company has no IPO plans. Because apparently, patience is the new black… or maybe just a well-timed shrug. 🤷♀️
“We do not have an IPO timeline,” Long told Bloomberg, as if explaining why you don’t need a roadmap to find your way out of a dating disaster. “No plan, no timeline.”
Meanwhile, crypto’s “I’m Going Public” club is going full Keeping Up with the Kardashians. Circle, Gemini, Bullish, and Figure Technologies have already hit the public stage, while Kraken and Consensys are prepping their sequins. But Ripple? It’s just chilling in the VIP lounge with a $40 billion valuation. 💸
$40 Billion and Not a Care in the World
Ripple’s got more cash than a Vegas slot machine on a winning streak. The company just raked in $500 million from investors like Fortress Investment Group and Citadel Securities, and now it’s basically the Beyoncé of crypto-no need to rush, you already have the crown. 🤩
“We’re in a fortunate position where we’ve been able to be very well capitalized…” Long said, because who needs an IPO when you can just casually fund everything like it’s your birthday party?
And get this: Ripple tried to buy back $1 billion worth of shares but found zero takers. Existing shareholders are holding on tighter than a toddler to their favorite stuffed animal. Clearly, they know the real drama is in staying private. 🤭
Stablecoins & Partnerships: The Ultimate Power Couple
Ripple’s growth strategy is basically a rom-com plot-meet cute with stablecoins, build a future with Mastercard and WebBank, and end up married to a custody provider (Palisade, if you’re keeping track). 🤵💍👰
Their RLUSD stablecoin hit $1 billion in circulation faster than you can say “crypto success story.” And with credit card settlement tests in the works, Ripple’s about to become the cool kid in the payments ecosystem. 🎉
Private & Proud: The Anti-IPO Hero
While the crypto IPO frenzy is fueled by Trump-era regulatory chill (who knew?), Ripple’s decision to stay private is the ultimate flex. It’s like saying, “I don’t need your chaos to build an empire.” 💼✨
So as rivals play dress-up in public markets, Ripple’s just… building. Slowly, surely, and with the confidence of someone who knows they’re already winning. Game on, Wall Street! 🍾
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2025-11-06 13:58