Ripple Raises $500M, Rules Out IPO as Product Expansion Takes Priority
Ripple's top brass has been dismissing the chatter about a possible Initial Public Offering (IPO) - despite wrapping...
Quick overview
- Ripple's leadership has dismissed IPO speculation, citing a strong balance sheet and sufficient private capital for growth.
- The company's valuation surged from $11.3 billion to $40 billion following a $500 million private funding round.
- Ripple is focusing on product innovation and strategic acquisitions to enhance its corporate services and payment solutions.
- Recent partnerships with Mastercard and Gemini are expanding Ripple's institutional offerings and market reach.
Ripple’s top brass has been dismissing the chatter about a possible Initial Public Offering (IPO) – despite wrapping up a massive $500 million private funding round in November 2025. Monica Long, Ripple’s President, was quick to point out that an IPO just isn’t necessary right now, thanks to the company’s robust balance sheet and access to private capital that’s always available on tap.
“An IPO is generally a way for companies to attract more investors or get some liquidity,” Long said to Bloomberg in an interview that got a lot of attention. “But we’re pretty confident that we can fund our growth without going public, and use that extra time and resources to keep innovating without the strings attached.”
That private funding round valued the company at a whopping $40 billion – a massive jump from even the higher end of earlier valuations like the $11.3 billion benchmark tied to a share buyback program back in 2025. The cash came from specialist investors as well as those from the traditional finance and cryptocurrency arenas.
Key points:
- With private funding, we can allocate our cash in ways that really suit us.
- We’ve seen a pretty big jump in valuation – from $11.3 billion to $40 billion.
- Our investors receive some protection against losses while remaining influential.
Putting Focus on Product Innovation and Growth
Ripple not being a public company means it can get on with the nitty-gritty of developing new products without worrying about the ups and downs of quarterly earnings. Monica Long noted that, thanks to private funding, the company has much more freedom to accelerate its work on blockchain solutions for cross-border payments.
At the moment, the company is prioritising the development of enterprise-grade products and looking at ways to make their core offerings even better:
- We’re hard at work developing blockchain solutions to enable global transactions.
- We’re putting a lot of effort into creating a payments infrastructure that’s fast, efficient, and scalable.
- We’re making sure our growth strategy aligns with what the market and tech are telling us.
Long also said that the company is choosing to fund as much of its expansion as possible with its own internal resources, which gives it the flexibility to make strategic decisions as and when needed.
Strategic Acquisitions – A Key Part of Expansion
Ripple is on the hunt for acquisitions to beef up its corporate services, with the recent $1 billion buyout of GTreasury a big one – that gives the company access to a market for corporate treasury services worth trillions of dollars. And then, of course, there’s the deal with Rail, a Toronto-based stablecoin-powered payments platform that handles more than 10% of all global B2B transactions.
CEO Brad Garlinghouse noted at the Swell 2025 conference that partnerships with Mastercard and Gemini have helped expand Ripple’s institutional product offerings, including prime brokerage services. And the company’s expecting to keep on making strategic acquisitions and forming partnerships as we head into 2026.
Highlights:
- The GTreasury deal gives us a strong foothold in global corporate treasury services.
- The Rail deal has really helped us expand our stablecoin-based B2B payments business.
- We’ve also got big collaborations with Mastercard and Gemini that are really opening up more enterprise solutions for us.
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