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Ripple IPO

Ripple CEO Denies 2025 IPO Plans: ‘No Need for Wall Street’

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  • Ripple CEO Brad Garlinghouse clarifies there’s no IPO planned for 2025, emphasizing organic growth and building over fundraising.
  • Garlinghouse confirms Ripple is actively exploring acquisitions, targeting blockchain infrastructure companies, particularly in finance.
  • Despite a favorable US crypto landscape, Ripple prioritizes building and strategic acquisitions over a near-term public offering.

Ripple CEO Brad Garlinghouse has clarified that the blockchain firm isn’t planning for an IPO anytime soon. Setting the records straight, he emphasized that there isn’t any requirement to raise capital. For now, the firm prioritized building instead of borrowing money or chasing a Wall Street listing.

“There’s no IPO in 2025; we haven’t needed outside funding. Ripple isn’t chasing investors; it’s building an empire. No IPO. No begging. Just execution,” wrote one user, quoting the exec.

Ripple
Source: Bloomberg Crypto

In a March 20 interview, Garlinghouse acknowledged the growing possibility for an IPO but stated that it isn’t a huge priority and not on the company’s immediate plans. Instead, the company is leaning towards acquisitions and is actively exploring M&A opportunities.

We have been in a very fortunate position to be able to grow the business organically. We’re also, frankly, more proactive in looking at acquisitions. So then what would you be looking for to buy, and how big are you willing to go?

Ripple Eyes Strategic Buys Over IPO In 2025

While Garlinghouse refused to divulge specific names, he did, however, reveal that the firm will target blockchain infrastructure companies, especially in the financial sector. Ripple believes that the U.S. market has finally opened up for crypto players and expects 2025 to bring a lot of consolidation across the blockchain industry.

“There’s a lot of excitement about some of the changes. And, you know, we will lean into that for sure,” he told to Bloomberg.

The firm’s choice to stay private has puzzled some analysts, but the logic is clear: to build products, grow their customer base, and keep their books strong. Many consider this as a power move, especially after Ripple’s whirlwind legal battles with the SEC. In the latest twist to the lawsuit saga, the court has agreed to halt the appeal process, allowing SEC 60 days to amend the status update.  

Moneygram’s 11.3 Million Pay-Day from Ripple, Could Only Improve with Probable IPO Plans on The Horizon 

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The partnership of Ripple and Moneygram was a major talking point in the past year.

Moneygram, which is one of the largest remittance companies in the world entered a partnership alongside Ripple in order to expand its services around the world.

According to Moneygram’s recent report to the SEC, it has been a profitable venture for the organization. The filing suggested that Moneygram has already received on a whopping 11.3 million in revenue as a result of their partnership.

Is Ripple steadily entering remittance services?

It is no secret that the growth of XRP is directly related to Ripple’s growth. The fact that Ripple publicly entertains the use of XRP for remittances has been reaching global corridors now.

Moneygram’s partnership is a prime example.

 

The American remittances company’s total revenue for the last few months has been declining, but the partnership with Ripple, to embrace RippleNet’s On-Demand Liquidity, has been fruitful to the present day.

The report stated,

“The Company is compensated by Ripple in XRP for developing and bringing liquidity to foreign exchange markets, facilitated by the ODL platform, and providing a reliable level of foreign exchange trading activity.”

 

The Ripple network has continued to grow over the last year and these numbers of over 11 million in revenue for Moneygram are likely to go higher in 2020.

The length of the contract between Ripple and Moneygram is also a long term understanding until 2023, which indicated that Ripple was adamant to get major financial institutions to use RippleNet’s services or the long term.

With Ripple aggressively working towards bringing more financial institutions to utilize blockchain assets, the partnership with Moneygram can be taken as the first step towards a larger paradigm shift in the global financial system.

 

Ripple’s IPO- to be or not to be?

During the World Economic Forum in Davos this year, Brad Garlinghouse stirred the speculation pot and suggested that IPO’s could the next big thing in crypto/blockchain.

With those words escaping his speech, it was only a natural reaction that the community started weighing in on the prospect of Ripple launching its own IPO. However, before cultivating a plan towards an IPO, Ripple still had to settle their matters with the SEC to prove that XRP is a digital asset and not a security.

With many people confusing ICO and IPO in the space, it is important to take note that an IPO for a crypto-supportive organization is far complicated then it seems.

An organization has to substantiate its profitability beforehand, rather than raising funds based on future prospects, which was basically an ICO.

A digital asset bearing the narrative of an IPO will be carrying and projecting the idea of crypto into the mainstream industry. The root reason for any investor to invest in an IPO would be solely based on profitability. Hence, the likelihood of a Ripple IPO in 2020 is practically weak, considering the global financial system is currently threading through a meltdown due to the COVID-19 impact.

An IPO down the line can have significant implications on XRP’s future as well. XRP would be directly launched into the larger remittances industry and its face value will improve meteorically.

 

Albeit these speculations, Ripple needs to prove XRP’s crypto credentials to the SEC before the idea of an IPO could take a flight.