Ripple says it will not pursue an IPO despite SEC lawsuit victory

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Summary

Despite winning the SEC lawsuit, Ripple has said it will not pursue an initial public offering (IPO) for the time being.
Ripple's CEO said the company is currently sufficiently capitalized and can carry out all necessary activities through organic growth, mergers and acquisitions, and strategic partnerships.
Ripple's revenue for 2024 is estimated at about $1.3 billion, formally putting an end to market speculation about an IPO.

Blockchain company Ripple, which won a long-running legal dispute with the U.S. Securities and Exchange Commission (SEC), said it will not pursue an initial public offering (IPO) for the time being.

According to Cointelegraph on the 6th (local time), Monica Long, Ripple's CEO, said, "There are no plans or timetable for an IPO at this time," adding, "We are sufficiently capitalized and can carry out all necessary activities ourselves through organic growth, mergers and acquisitions, and strategic partnerships."

This decision by Ripple means that it will not consider an IPO even after the $1.3 billion unregistered securities sale lawsuit filed by the SEC at the end of 2020 was concluded this year, putting an end to years of speculation about an IPO.

As an unlisted company, Ripple does not officially disclose annual revenue. According to market research firm CB Insights, Ripple's 2024 revenue is estimated at about $1.3 billion.

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