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Ripple Focuses on Acquisitions, Not IPOs

By: bitcoin ethereum news|2025/05/02 20:45:01
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Ripple CEO Brad Garlinghouse says company will acquire firms, not pursue an IPO Garlinghouse cited the ongoing SEC lawsuit as a hurdle for a Ripple IPO The SEC lawsuit is nearing conclusion, with settlement talks underway Ripple’s CEO Brad Garlinghouse has hinted at the company’s plans to acquire blockchain infrastructure companies. In a recent interview, Garlinghouse stated that Ripple will not pursue an IPO to raise funds. According to him, the firm will channel its energy towards organic growth, following up with the planned acquisitions. Garlinghouse Details Ripple’s Growth Strategy Garlinghouse’s statement highlights Ripple’s ongoing developmental efforts, suggesting the brand has used its payment solution to expand operations, revenue, and customer base without relying on external funding. Garlinghouse also disclosed Ripple’s intention to acquire companies that complement its existing business and enhance expansion capabilities. Ripple Targets Core Blockchain Infrastructure Firms Although Garlinghouse did not specify potential targets, he noted that Ripple was interested in firms that provide core blockchain infrastructure similar to its processes. With this statement, the Ripple CEO confirmed a suggestion made previously by Sonali Basak, Bloomberg’s lead global finance correspondent, which had highlighted Ripple’s prioritization of acquisition over launching an IPO . Related: Ripple offers to acquire Circle $USDC stablecoin issuer, Bloomberg reports Acquisition Plan Ends IPO Speculation The latest development puts to rest the growing speculation that Ripple could launch an IPO in the United States this year. The rumor gained momentum in 2023, with several analysts predicting the FinTech firm would go public in 2025 via an IPO. Dismissing the IPO rumors, Garlinghouse clarified a key hurdle: That hurdle, he stated, was the difficulty for Ripple to go public amid an ongoing legal battle with the SEC. According to the Ripple Chief, the SEC might turn down a request for an IPO from the firm because of the lawsuit. Nonetheless, it is worth noting that the legal battle between Ripple and the SEC is nearing conclusion, as the parties involved are negotiating a settlement. Lawsuit Nearing Conclusion With Settlement Talks In the meantime, developments around Ripple have directly affected XRP’s development, considering the cryptocurrency’s role in association with the firm. Related: XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70? The positive signals emerging around Ripple reflect a bullish momentum in the digital asset’s price development. XRP gained over 47% in April, recovering from a notable pullback. The cryptocurrency traded for $2.2098 at the time of writing, according to data from TradingView. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/ripple-acquisition-strategy-no-ipo/

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