Why Won’t Ripple Go Public? US Midterms Might Be The Reason
Ripple confirmed this week that it has no plans to go public, citing its strong financials and lack of need for external financing after its recent $500 million raise.
The move reflects broader caution as the company monitors political and regulatory changes in the US and likely waits for a more favorable environment before launching an initial public offering (IPO).
On Wednesday, Ripple President Monica Long put an end to months of speculation by confirming that the company has no plans to go public, at least in the foreseeable future.
This announcement follows Ripple’s $500 million financing round led by Fortress Investment Group, Citadel Securities, Pantera Capital and other affiliates.
The investment valued the company at $40 billion, leaving it well capitalized with billions of dollars in reserves and no need for external financing.
With this financial cushion, the San Francisco-based blockchain company is well positioned. It can remain private while avoiding the transparency and regulatory scrutiny that comes with a public listing.
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Recent interviews with Ripple CEO Brad Garlinghouse reveal the company’s continued caution regarding the US market; Garlinghouse confirmed to CNBC that Ripple has no plans to go public anytime soon.
“Going public is still not a short-term priority for us. We’re always keeping an eye on that… but for now we’re focused on building and have a balance sheet that allows us to make these billion-dollar acquisitions and continue to grow the business,” he said.
Uncertainty surrounding the 2026 United States midterm elections may be increasing strategic caution at Ripple Labs.
The outcome of the upcoming midterm elections could significantly reshape the US regulatory landscape for cryptocurrency. Aware of this, Ripple Labs may be responding with strategic caution.
The Republican Party currently holds a 53-47 majority in the Senate and needs a net gain of just four seats to regain full control after the 2026 election.
However, this success is not guaranteed.
Just this week, Democrats’ recent victories in New York City, Virginia, and New Jersey have particularly destabilized the Republican Party.
