Ripple has again ruled out an IPO, stating that its balance sheet is sufficient to keep it private.

PANews reported on January 7th, citing CoinDesk, that Ripple President Monica Long stated the company has no intention of pursuing an initial public offering (IPO) and reiterated its preference for remaining private, expanding through acquisitions and product development. Long believes Ripple doesn't need to go public to obtain liquidity or financing channels; the company is capable of supporting growth through internal funding and doesn't rely on public markets. Long added that Ripple's overall strategy is to build products, focusing on constructing the necessary connections in traditional finance to enable stablecoins, tokenized assets, and cryptocurrency tracks to be used in real-world business processes.

Previously, Ripple completed a $500 million funding round in November 2025, reportedly valuing the company at $40 billion.