Ripple President: Ripple's current financial situation is stable, and an IPO is not in the company's plans.

According to Techub News and reported by Finance Magnates, Ripple President Monica Long stated in an interview with CNBC that an IPO is not in the company’s plans. She emphasized that Ripple's current financial situation is robust, holding billions of dollars in cash reserves, and does not need to raise funds through going public or increase market exposure. Monica Long further pointed out that companies typically go public for two main reasons: to raise funds or to expand brand influence, but Ripple currently has "no demand for either." Previously, Ripple CEO Brad Garlinghouse has also repeatedly stated that Ripple is neither seeking external capital injection nor has "any short-term plans for an IPO."

In fact, Ripple's IPO rumors have been going on for years. In 2022, Garlinghouse had said it would reassess the possibility of an IPO once the dust settles over the legal battle with the U.S. Securities and Exchange Commission (SEC). However, with a settlement reached in late 2023, Garlinghouse once again emphasized that going public is not a priority for Ripple.