【Crypto World】Ripple’s latest moves are quite interesting. The company’s CEO, Monica Loon, openly stated that there are no plans for an IPO in the near future, as the company’s financial situation is already very healthy and can fully drive growth through private funding rounds.
Speaking of financing, Ripple just completed a $500 million new round of funding in November last year, which pushed the company’s valuation to the $40 billion range. Major institutions like Fortress and Citadel participated, indicating a very strong backing.
This funding is mainly used in two areas—one is to integrate previously acquired businesses, including the rebranded Ripple Prime, the main brokerage platform; the other is to increase development efforts for stablecoins and tokenized assets. From this strategic layout, Ripple aims to make a heavier investment in the infrastructure of crypto finance.
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Ser_APY_2000
· 01-07 00:44
A valuation of 40 billion and still not going public—this guy really has confidence. The focus should be on the stablecoin game, right?
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GasWastingMaximalist
· 01-06 21:48
A valuation of 40 billion and still not going public, Ripple really isn't short on cash. Focusing on stablecoins is the true path to success.
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JustHereForAirdrops
· 01-06 21:47
A valuation of 40 billion and still not listed, this guy really has confidence... I am optimistic about the stablecoin sector.
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AirdropHarvester
· 01-06 21:40
Still not planning to IPO but still raising funds, Ripple, I know this trick well, just want to control the pace themselves
Taking 500 million USD is not considered a lot, stablecoins should have been developed properly long ago
Fortress and Citadel are betting 40 billion, just their backgrounds make them worth paying attention to
Mainly depends on whether stablecoins can take off, otherwise it's all just on paper
Is this preparing to go all-in on infrastructure? Feels like they've become more conservative
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CryptoPunster
· 01-06 21:38
$40 billion valuation and still not going public, this guy really isn't short of money. But to be honest, private equity is more attractive; why bother catering to public shareholders?
Stablecoins and tokenized assets are gaining importance. Ripple is determined to focus on infrastructure development. We retail investors can just sit back and watch the show.
Laughing as I lose on this deal, but at least Fortress and Citadel have bet on it, which means this isn't completely a blind gamble.
Burning $500 million on infrastructure—this scale is definitely more reliable than some projects that just issue tokens to scam retail investors every day.
After fundraising, they say they will focus on the business. We've seen this routine many times, but at least this time it's a serious matter.
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MergeConflict
· 01-06 21:23
You can live quite comfortably without going public. Spending $500 million on stablecoins and tokenization, Ripple is really serious about making a move.
Ripple, after raising $500 million, announces: Not considering IPO for now, focusing on stablecoins and tokenized assets
【Crypto World】Ripple’s latest moves are quite interesting. The company’s CEO, Monica Loon, openly stated that there are no plans for an IPO in the near future, as the company’s financial situation is already very healthy and can fully drive growth through private funding rounds.
Speaking of financing, Ripple just completed a $500 million new round of funding in November last year, which pushed the company’s valuation to the $40 billion range. Major institutions like Fortress and Citadel participated, indicating a very strong backing.
This funding is mainly used in two areas—one is to integrate previously acquired businesses, including the rebranded Ripple Prime, the main brokerage platform; the other is to increase development efforts for stablecoins and tokenized assets. From this strategic layout, Ripple aims to make a heavier investment in the infrastructure of crypto finance.