Brad Garlinghouse, Chief Executive Officer, Ripple, USA speaking in the Finding the Right Balance for Crypto session at the World Economic Forum Annual Meeting 2023 in Davos-Klosters, Switzerland, 19 January. Congress Centre - Aspen 2. Copyright: World Economic Forum/Valeriano Di Domenico. Ripple CEO Brad Garlinghouse has dismissed any chance of pursuing an Initial Public Offering (IPO) in 2025. The statement was made during an appearance at the CfC St. Moritz, a highly regarded and selective blockchain and digital assets conference.
The information was shared by crypto investor Xaif, who shared a worthy note alongside the clip of Garlinghouse speaking at the event. “Brad Garlinghouse: Ripple doesn’t need to raise capital. There’s no IPO in 2025 — we haven’t needed outside funding. #XRP. Strong signal: Ripple is self-sustaining and focused on building, not begging,” Xaif said on X. The post reflects the growing acceptance of Ripple as a financial entity within the crypto industry, separate from the need for raising capital using public markets.
Brad Garlinghouse dismisses IPO talks
In the video shared on X by Xaif, the Ripple boss addressed the hot topic about the company’s chances of a potential IPO. He mentioned that companies typically try to go public to raise capital, but it has never been something that has been a necessity for Ripple. “In reality, most companies that go public do that to raise capital. We haven’t needed to raise capital. And so that has not been a driving force,” Garlinghouse said.
The Ripple boss also talked about the internal discussions of the company going public. Garlinghouse mentioned that the idea has turned up a few times, but the hostile regulatory conditions in the United States have made the company push back on such a decision. “We have talked a little bit about, would we go public? And, you know, it’s like, well, the US market until recently has been very hostile. And like, why would we even try to have that conversation?” he added.
Ripple has been the recipient of some sort of hostility from regulators over the last few years, with the U.S. Securities and Exchange Commission (SEC) initiating a lawsuit against the company back in 2020 for selling unregistered securities. The hard-fought legal battle lasted about five years, with both parties agreeing to settle things amicably some weeks ago. Both parties are expected to complete formal steps for the settlement, with Ripple expected to pay $50 million, one which it has teased that it could pay in XRP.
Ripple CEO calm over the timeline
During the event, Garlinghouse answered a definitive no when asked if the public could expect an IPO soon. He added that while 2025 has arrived, pursuing a public offering is not currently part of the company’s strategy. He added that the company is still looking at how going public could be beneficial. “You have to ask yourself, okay, how does Ripple benefit from being a public company? And, you know, therefore, is it a high priority for us?” he said.
However, Garlinghouse mentioned that the door remains open to reassess this position if the regulatory environment in the United States changes in the future. “As conditions change, you never say never and you re-evaluate,” Garlinghouse added. He also signaled that Ripple’s strategy could evolve depending on how the SEC and broader policy developments unfold. This means that Ripple has enough capital, and carries out its activities strategically, but is not driven by the need to go public to seek capital.
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