Well folks, it’s official-Ripple’s CEO, Brad Garlinghouse, isn’t exactly rushing to join the IPO parade anytime soon. During a cozy little chat with Dan Morehead at the Pantera Blockchain Summit 2025, Garlinghouse took a firm stance against the idea of a public listing, despite Ripple going full throttle with buybacks, fresh capital, and the occasional M&A move. You know, the usual “we’re doing fine without going public” type of strategy. A recording of this thrilling back-and-forth was shared by Pantera on X on November 6, just in case you wanted to relive the excitement.
So, Is A Ripple IPO Really Coming?
When the topic of shareholder liquidity and tender offers came up, Garlinghouse didn’t shy away. Instead, he dropped a bombshell: “We’ve actually repurchased over 25 percent of the company. We’ve spent $4 billion buying shares back from our shareholders,” he said. He added, in a tone only a tech CEO could get away with, “Just yesterday [we] closed another billion-dollar tender offer, valuing Ripple at about $40 billion.” Yep, you read that right-a cool $4 billion spent on buying back shares. Who needs an IPO when you’ve got that kind of power, right?
He framed this buyback approach as some kind of revolutionary strategy to avoid listing-because why go public when you can just buy back shares like a boss? “We haven’t needed to go public, and so we haven’t prioritized that… the way we kind of solve the shareholder liquidity problem is by just buying back shares at increasingly higher prices. I mean, to some degree, SpaceX has been doing that,” he added. Subtle flex, Brad. Very subtle. 😎
The $40 billion private valuation Garlinghouse mentioned seems to line up nicely with Ripple’s latest capital moves. On November 5, they disclosed a fresh $500 million investment at a $40 billion valuation. Oh, and let’s not forget that earlier $1 billion tender at the same valuation. So yeah, it looks like private bids are circling around that sweet spot.
Garlinghouse even took a moment to praise public markets, but only to say, “Look, some crypto issuers are actually making a splash.” He called Circle’s 2025 IPO a “watershed moment,” because apparently the crypto world needed a feel-good moment. “Obviously, the window’s open. I think a watershed moment for the crypto industry was the Circle IPO. People were worried about how that was going, but to see how oversubscribed it was… and now it’s a $35 billion company. I think that is phenomenal for crypto broadly,” he said. And hey, who can blame him for being a bit optimistic about Circle’s success? 🙌
Meanwhile, Garlinghouse threw a little shade at other crypto IPOs, noting that not every one of them had been a runaway success. “Obviously, some of the other ones have gone public, whether it’s Bullish or Gemini, you know, haven’t gone quite as… I mean, they’ve done well, but not quite as well.” 😬
When it comes to Ripple’s future, Garlinghouse is in no rush. “We’re not in a hurry [to go public]… today we have, you know, just shy of $4 billion on the balance sheet. And so we’re not in a hurry to go public. And we feel like we can play offense from an M&A point of view and continue to stay private… At some point, I would imagine we’ll knock on the public market’s door, but that’s not today.” In other words, he’s good, thanks. 💸
Conviction Compounds.@Ripple CEO @bgarlinghouse joined @dan_pantera at Pantera Blockchain Summit 2025 to reflect on crypto’s beginnings and how the industry adapted through every cycle.
00:10 Crypto’s First Decade
02:17 Contrasting Money over IP and Voice over IP
04:19 XRP ≠…– Pantera Capital (@PanteraCapital) November 6, 2025
If Garlinghouse’s take didn’t leave much room for IPO speculation, Ripple’s president Monica Long made it crystal clear during Swell in New York. Speaking to Bloomberg, she said: “We do not have an IPO timeline. No plan, no timeline.” She wasn’t done, though-oh no. In a separate CNBC interview, she stressed, “We are not focused on an IPO right now. We have the balance sheet, the liquidity to be growing and making moves on M&A and other big strategic partnerships.” In case you missed it: No IPO, folks. Not today, not tomorrow, probably not ever. 😆
At press time, XRP traded at $2.22. So go ahead, get your hands on some if you think Ripple’s really sitting on this mountain of cash and not planning to do much with it for now.
Read More
- CNY JPY PREDICTION
- EUR HUF PREDICTION
- Is Bitcoin Playing Hard to Get? The Saucy Saga of Crypto’s Quiet Stage 🎩💼
- Launch Your Crypto Wallet Without the Headaches – Here’s How! 🤑
- CRV PREDICTION. CRV cryptocurrency
- XMR PREDICTION. XMR cryptocurrency
- EUR MXN PREDICTION
- ETH vs BTC: The Tortoise 🏎️ Finally Outruns the Hare? 🐢
- EUR USD PREDICTION
- Bitcoin Queen’s Spectacular Fall: £5.5B Scam Bust! 😏👑💰
2025-11-07 14:41