Ripple Has No Immediate Plans for IPO, Focuses on Growth and Acquisitions

• In November last year, Ripple generated $500 million in a funding round, estimating the firm at around $40 billion. 
• The largest transaction includes the $1.25 billion acquisition of prime broker Hidden Road. 

Ripple does not have a given deadline for going public and has planned to be private as it aims to scale business and amalgamate the latest acquisitions. On Jan 6, the President of Ripple informed this in a Bloomberg interview. 

She mentioned that Ripple is not looking for an IPO, as it does not need public market capital for funding. She also highlighted that firms normally go public to have liquidity and a wider investor base, but Ripple is so far capitalised well. 

In November last year, Ripple generated $500 million in a funding round, estimating the firm at around $40 billion. The President stated that the company was very pleased with the result, and the fund gives the firm flexibility without the pressures of public markets. 

The capital witnessed a sharp step up for previous marks, adding an implied $11.3 billion valuation associated with a share buyback back in 2025. The round added prominent investors over traditional finance and crypto, adding Fortress Investment Group, Citadel Securities and many more. 

Instead of making itself ready for a listing, Long mentioned that management aims more at execution, including absorbing the latest acquisitions and widening the stablecoin and payments businesses of Ripple. 

The largest acquisition

In the last year, Ripple made a lot of prominent acquisitions to set up its institutional infrastructure. The largest transaction includes the $1.25 billion acquisition of prime broker Hidden Road, announced in April and closed in October. 

This acquisition resulted in Ripple becoming the first crypto-native firm to have a global multi-asset prime broker that offers trading, financing and clearing services for digital assets as well as foreign exchange worlds. 

Other big deals were the $1 billion acquisition of GTreasury in October, widening Ripple into corporate treasury management, and the $200 million buying of payments rail in August 2025. In the same year, Ripple also acquired custody company Palisade. 

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