In a world where money is king and IPOs parade like grand festivals, the president of Ripple, Monica Long, spoke to CNBC with the weary resignation of a man who’s seen too many promises drift like autumn leaves in the wind. “We do not need to rush into an IPO,” she declared, as if bidding farewell to some lost dream that perhaps never was. The company, perched comfortably on billions of dollars in cold, hard cash, sees no need to throw itself into the frenzy of public scrutiny.
“At this moment,” she said, casting a glance at the overflowing coffers, “we have enough liquidity to buy and sell dreams twice over.”
Like a wolf not hungry enough to chase the crowd, Ripple finds itself in an acquisitive mood, prowling the market—not for spectacle or fleeting applause—but for growth, slow and steady, like a soldier marching barefoot through a frozen wasteland.
Years of speculation have encircled Ripple’s IPO like vultures over a forgotten carcass. Yet, time and again, the company shrugs off the temptation—no dazzling public fanfare, no sudden rush into the storm. CEO Brad Garlinghouse echoed this resolve in October, noting that an IPO simply isn’t the hunger gnawing at their insides just yet.
Perhaps they wait for a moment when the world has forgotten the frenzy and craves only the quiet strength of dollars well earned—while the rest of us, mere spectators, clutch our popcorn and watch.
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2025-04-25 09:14