Ripple reiterated that it has no plans for an IPO, stating that the company has a strong balance sheet and is focused on growth.

On January 7, Ripple President Monica Long stated that the company currently has no plans to pursue an initial public offering (IPO), will continue to operate privately, and will focus on growth through product development and mergers and acquisitions. She pointed out that Ripple's current financial situation is sound, and it does not need to go public to obtain liquidity from the capital market, possessing the ability to continue investing in the company's development.

Monica Long's remarks came after Ripple completed a funding round of approximately $500 million in November 2025, valuing the company at around $40 billion. Investors included Fortress Investment Group, Citadel Securities, and several crypto-focused funds. Regarding the investor protection mechanisms in the funding terms, she only stated that the overall structure was favorable to Ripple, without elaborating on the specific details.

The report also mentioned that Ripple completed several acquisitions in 2025, including prime broker Hidden Road, stablecoin payment platform Rail, treasury management system GTreasury, and digital asset wallet and custody company Palisade, with a total acquisition value of nearly $4 billion. Ripple disclosed that as of November last year, its payment business had processed more than $95 billion in transactions, and its related products are continuing to expand around enterprise-grade digital asset infrastructure.