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Home » Ripple CEO Deems IPO as Low Priority Amid Ongoing Acquisitions and XRP Investments
Ripple

Ripple CEO Deems IPO as Low Priority Amid Ongoing Acquisitions and XRP Investments

By adminOct. 18, 2024No Comments2 Mins Read
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Ripple CEO Deems IPO as Low Priority Amid Ongoing Acquisitions and XRP Investments
Ripple CEO Deems IPO as Low Priority Amid Ongoing Acquisitions and XRP Investments
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Ripple delays its IPO plans, prioritizing acquisitions and investments amid legal uncertainty.
Strong financials allow Ripple to bypass public funding, despite ongoing SEC challenges.
Ripple CEO Brad Garlinghouse recently stated on the
Thinking Crypto
podcast that an initial public offering (IPO) is not currently a priority for the company. As shared in a recent CNF
update
, the CEO hinted at a major upgrade for the XRP Ledger.
Nevertheless, Ripple has opted to delay going public, largely due to its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). In a YouTube video, Garlinghouse highlighted that Ripple’s strong financial position eliminates the need to raise capital through an IPO, unlike many companies that go public for this reason. He also emphasized that the SEC has not been an ally to Ripple in this process.
Ripple has been able to continue its acquisitions and investments without the need for public funding. While the company is not actively pursuing an IPO, Garlinghouse mentioned that Ripple is keeping its options open and remains focused on ensuring shareholder liquidity and proper company valuation. However, for now, an IPO remains a low-priority item on Ripple’s agenda.
Ongoing SEC Case and Future IPO Considerations
Following another update
shared
by CNF, Garlinghouse criticized the SEC in the latest U.S. XRP news ahead of a verdict. The idea of Ripple going public has circulated for years, with Garlinghouse previously suggesting that the company would explore an IPO after resolving its legal challenges.
Still, the SEC lawsuit against Ripple is ongoing, with no resolution in sight. The SEC’s recent appeal, filed earlier this month, indicates that the legal battle could continue into 2026.
Garlinghouse reiterated that Ripple is still considering the possibility of going public, but only when the time is right. Despite the prolonged legal uncertainty, he remains confident that Ripple will eventually become a public company once the situation with the
SEC is resolved
. For now, though, the focus remains on legal and operational stability.
As of now, Ripple (XRP) is trading at
$0.5433
, with a decrease of
1.29%
in the past day and an increase of
1.66%
in the past week. See the XRP price chart below.
Recommended for you:
Buy Ripple (XRP) Guide
Ripple XRP Wallet Tutorial
Check 24-hour XRP Price
More Ripple (XRP) News
What is Ripple (XRP)?

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