On Wednesday, Ripple President Monica Long ended months of speculation, confirming that the company has no IPO plans in the foreseeable future. This statement was made after Ripple's $500 million funding round led by Fortress Investment Group, Citadel Securities, Pantera Capital, and other institutions. This investment valued the company at $40 billion, providing ample funds and reserves of billions, eliminating the need for external financing. With this financial cushion, the San Francisco-based blockchain company is well-positioned. It can remain private, avoiding the transparency and regulatory scrutiny that come with going public.
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On Wednesday, Ripple President Monica Long ended months of speculation, confirming that the company has no IPO plans in the foreseeable future. This statement was made after Ripple's $500 million funding round led by Fortress Investment Group, Citadel Securities, Pantera Capital, and other institutions. This investment valued the company at $40 billion, providing ample funds and reserves of billions, eliminating the need for external financing. With this financial cushion, the San Francisco-based blockchain company is well-positioned. It can remain private, avoiding the transparency and regulatory scrutiny that come with going public.