Ripple does not plan to pursue an IPO in the immediate future, according to its president. The company is financially robust and not pressured to seek public capital at this time.
During the recent Ripple Swell conference, the company reaffirmed its position of maintaining strategic independence from public markets. Ripple has sufficient capital to fund its growth initiatives without the need for an IPO. The firm recently completed a funding round that raised $500 million, led by notable investors like Fortress Investment Group and Citadel Securities, positioning the company's valuation at approximately $40 billion.
This approach sets Ripple apart from other cryptocurrency firms that have sought to enter public markets. The Ripple Swell conference serves as an annual platform for discussing advancements in blockchain technology and sharing company updates with stakeholders in the industry.
Last year's conference, the CEO indicated that an IPO was not a priority, reflecting on Ripple's strong financial position and ongoing litigation with the SEC. This legal issue reached a resolution earlier this year when Ripple and the SEC concluded their appeals, further solidifying the company's financial future.