Ripple Prioritizes Acquisitions Over IPO Plans, Says CEO Garlinghouse

By: fxcryptonews|2025/05/02 11:15:01
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Ripple Prioritizes Acquisitions Over IPO Plans, Says CEO Garlinghouse Ripple CEO Brad Garlinghouse recently confirmed that the company is focusing on acquiring blockchain infrastructure firms instead of pursuing an initial public offering (IPO). Speaking to Bloomberg TV, Garlinghouse said Ripple aims to grow through strategic acquisitions following strong organic expansion. He explained that Ripple had successfully scaled its operations, customer base, and revenues using its own resources. As a result, the company now plans to acquire businesses that complement its core services. Although he declined to name any targets, Garlinghouse said Ripple is looking at companies that provide essential blockchain infrastructure. Garlinghouse Dismisses IPO Speculations When Bloomberg’s Sonali Basak suggested Ripple is more interested in acquisitions than going public, Garlinghouse nodded in agreement. His response aligns with growing speculation in 2023 that Ripple might pursue an IPO by 2025, fueled by predictions from analysts like Linda Jones. Related article: Ripple Transfers 1B XRP and Locks 700M in Escrow as May 2025 Release Remains Pending However, Garlinghouse dismissed the idea. He previously stated that going public would be difficult while Ripple is still involved in legal proceedings with the U.S. Securities and Exchange Commission (SEC). He added that the SEC might not approve Ripple’s IPO request due to the ongoing lawsuit. Although the case is nearing resolution, with both sides now negotiating a settlement, Ripple continues to favor acquisitions over an IPO. Ripple Reportedly Attempted to Acquire Circle The Bloomberg interview resurfaced online after reports emerged that Ripple offered $5 billion to acquire Circle, the issuer of the USDC stablecoin. However, Bloomberg reported that Circle rejected the offer, claiming it was too low. The news came weeks after Circle filed with the SEC to go public. Related article: RLUSD Minting Stalls as Ripple Pauses New Stablecoin Supply — What’s Going On? A Circle spokesperson declined to comment, citing the company’s “quiet period” with the SEC. Ripple has not released an official statement about the reported offer. Despite the Circle setback, Ripple has made strides in expanding its reach. Last year, it acquired Standard Custody & Trust Company to boost its presence in the digital asset custody space. More recently, it reached a $1.25 billion agreement to acquire prime brokerage firm Hidden Road. These moves indicate Ripple’s commitment to strengthening its infrastructure through acquisitions, even as it puts IPO plans on hold. Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions. Share this : On the networks Recent Articles Home Quizzes Videos Categories Newsletters Crypto News Currencies Useful links Coins Keep Exploring Crypto News

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