- 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.

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.