Ripple's President Monica Long Declares No Plans for an IPO

On the 6th, at the Swell Conference held in New York, Ripple's President Monica Long, during an interview with Bloomberg, stated unequivocally that there are no plans or schedules for an Initial Public Offering (IPO). She had expressed a similar view in April of this year on a CNBC program, maintaining a cautious stance on IPOs even as many cryptocurrency companies go public. On the same day, Ripple announced a $500 million funding round led by Fortress Investment Group and funds associated with Citadel Securities, with participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.