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Ripple's president confirms there are no plans for an IPO in 2025.
According to the Gate.io News bot, Finance Magnates reported that Ripple President Monica Long made it clear in an interview that Ripple will not go public in 2025. Long emphasized that the company currently has sufficient cash reserves and does not need to raise funds or increase visibility through an IPO. CEO Brad Garlinghouse expressed support for this decision. The report mentioned that Ripple completed part of its share buyback this year, with a buyback valuation of $11.3 billion, down from a valuation of $15 billion in 2022.