“Ripple not planning an IPO? Ripple Labs managed to survive a lengthy legal battle against the US Securities and Exchange Commission (SEC). Now that this lawsuit is behind us, will the company try to raise fresh capital through an initial public offering (IPO)? According to the CEO of the company, Eric Long, this issue is not on the agenda at all. Key points […]”, — write: businessua.com.ua
Ripple not planning an IPO? Ripple Labs managed to survive a lengthy legal battle against the US Securities and Exchange Commission (SEC). Now that this lawsuit is behind us, will the company try to raise fresh capital through an initial public offering (IPO)? According to the CEO of the company, Eric Long, this issue is not on the agenda at all.
Key points of this article:
- Ripple Labs beat the SEC lawsuit, but the IPO didn’t, according to new CEO Eric Long is considered
- Ripple’s current priority is growth, focusing on central bank digital currencies (CBDCs) and tokenization of financial assets.
From September 2025 in Ripple Labs new CEO: Eric Long . He is faced with the difficult task of overcoming the legal problems of his predecessor, Brad Garlinghouse which was ordered to pay $10 million to the SEC for selling unregistered XRP as securities.
In a recent interview with Bloomberg, Eric Long was asked about possible IPO Ripple. But the new CEO said that’s it for now not planned at all .
“We have no plan, we have no deadlines [для IPO]. Currently, this issue is not considered. (…) We have enough cash and we are focused on the development of the company.”
Ripple is focused on the development of its business, in particular in the field of CBDC. Indeed, as the CEO points out, Ripple still has enough cash . In particular, the company attracted 200 million dollars in January 2023 during Series C funding round.
Eric Long explains that Ripple prefers focus on growing your business . And among them, the new CEO points out that digital currencies of central banks ( CBDC ) is a priority.
“We think CBDC is a great opportunity for us. We have made significant investments in this area. (…) We also invested in the tokenization of traditional financial assets.”
Ripple is indeed already conducted several CBDC tests with central banks. For example, in July 2023, the company announced a partnership with Central Bank of Montenegro for an experiment with a digital version of the national currency, Montenegrin euro .
Although Ripple’s new CEO seems to be in no rush to launch an IPO, it should be noted that the current situation in the financial market is not very favorable. More on this story at Le Journal du Coin.
Source: journalducoin.com
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