Ripple has no specific IPO timeline, president says

Ripple President Monica Long said in a Bloomberg interview on Jan. 6 that the company has no specific timeline for an initial public offering (IPO) and plans to remain private for the time being. She explained that while the main goal of an IPO is typically to secure investment and boost liquidity, Ripple is already in a very healthy financial state, capable of funding its own growth. Long added that she was quite satisfied with the company's fundraising performance in the fourth quarter of last year. Ripple raised $500 million last November in a funding round led by funds managed by affiliates of Fortress Investment Group and Citadel Securities, among others, which valued the company at $40 billion.