Ripple’s $40B Bombshell: Why the Crypto Giant Defied IPO Hype in 2025
Ripple just dropped the mic—and Wall Street's jaw—with its latest power move.
The $40 billion question
While traditional finance scrambles for IPO exits, the XRP powerhouse quietly flexed its staying power. No S-1 filings. No roadshow circus. Just blockchain-scale conviction.
Private markets whisper louder
Ripple's valuation now eclipses 90% of Nasdaq-listed firms—proving you don't need public markets when you've got institutional crypto adoption doing your marketing.
The cynical take
Wall Street bankers coping hard today—those 7% underwriting fees would've bought a lot of Lambos. Meanwhile in crypto-land, real builders keep shipping while the suits file paperwork.
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Her remarks came alongside the announcement of a $500 million strategic funding round led by major institutional investors including Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. The raise follows Ripple’s strongest year yet, during which the company launched a $1 billion share buyback, valuing it at roughly $40 billion.
Ripple stated that maintaining liquidity for shareholders and employees remains a key priority, noting that it has repurchased over 25% of its outstanding shares in recent years.
Although CEO Brad Garlinghouse once called an IPO a “natural evolution” for the company, Ripple appears content to stay private for now. Meanwhile, other major crypto players – including Circle, Bullish, and Gemini – have all gone public in 2025.
