President Monica Long has announced that Ripple currently has no plans to go public, despite being in a solid financial position. This information was detailed in a report by Cryptoknowmics, released at 06:07 UTC on November 6, 2025. Long emphasized that Ripple’s focus will be on pursuing international acquisitions rather than launching an initial public offering (IPO). This decision brings clarity following months of speculation regarding a potential IPO in 2025, especially after the successful resolution of Ripple’s legal disputes with the U.S. Securities and Exchange Commission (SEC). The company’s robust cash reserves have enabled ongoing expansion without needing to access public markets, reinforcing confidence in its privatization strategy.
Ripple has recently demonstrated its commitment to growth through significant acquisitions. On October 16, 2025, the company finalized a landmark $1 billion acquisition of GTreasury, positioning Ripple to penetrate the lucrative multi-trillion-dollar corporate treasury market. This acquisition aims to enhance Ripple’s capabilities in real-time liquidity management and provide round-the-clock payment solutions worldwide. In addition, Ripple expanded its portfolio in 2025 by acquiring Hidden Road, a prime brokerage firm, and Rail, which specializes in stablecoin infrastructure.
According to late 2024 AccessIPOs data, Ripple’s estimated valuation ranges between $5 billion and $10 billion. Following a peak valuation of $11.3 billion in January 2024, interest in Ripple’s pre-IPO shares remains strong, driven by market fluctuations and post-election dynamics. CEO Brad Garlinghouse has indicated that if an IPO becomes a priority, it would likely require around 12 months of preparation; however, he confirmed it is not currently on the agenda for 2025.
Monica Long’s leadership as President of Ripple after the company’s successful legal outcome against the SEC has shifted focus towards regulatory recovery and aggressive growth since 2023. A UC Berkeley graduate with over a decade of experience in blockchain and product strategy, Long has steered Ripple towards tokenizing real-world assets, enhancing institutional custody solutions, and developing payment infrastructure, further solidifying XRP’s potential to play a vital role in the evolving financial landscape.
Ripple’s decision to postpone its IPO indicates a strong belief in its current operations and capital strengths. The successful acquisitions of GTreasury, Hidden Road, and Rail align with Ripple’s mission to integrate blockchain technology into traditional finance. Each acquisition opens up new revenue streams—ranging from treasury management to brokerage access and stablecoin liquidity—while positioning Ripple to enhance its ecosystem beyond merely selling tokens. Although IPO speculation persists, Ripple’s strategic focus appears firmly aligned with expansion and market leadership rather than public market exposure.