Ripple President Monica Long Issues Statement Following Rumors

As the number of crypto-focused financial technology companies preparing for initial public offerings (IPOs) increases, Ripple has sent a clear message about its own plans: The company has no immediate agenda for an IPO. “We don't have an IPO timetable. There's no plan, there's no timetable,” Ripple President Monica Long told Bloomberg in an interview at the Swell conference in New ￰0￱ sharp rise in the crypto asset market in the first nine months of the year led many companies to pursue public ￰1￱ year, Circle, Bullish, Gemini, and blockchain lending platform Figure Technologies have all held IPOs. US-based cryptocurrency exchange Kraken is also preparing for an ￰2￱ News: Zcash (ZEC) is Today's Most Talked About Altcoin: What to Expect?

An Experienced Name Weighs In Ripple announced on Wednesday that it had raised $500 ￰3￱ round, which valued the company at $40 billion, was led by funds affiliated with Fortress Investment Group and Citadel ￰4￱ Capital, Galaxy Digital, Brevan Howard, and Marshall Wace also participated in the ￰5￱ highlighted Ripple's strong financial position, saying that the company can easily finance all its organic and inorganic growth, strategic partnerships, and operations with its own ￰6￱ Long declined to disclose Ripple's 2024 revenue, he noted that their customer base has doubled quarter-over-quarter. *This is not investment ￰7￱ Reading: Ripple President Monica Long Issues Statement Following Rumors