PANews reported on April 27 that according to Finance Magnates, after years of market speculation, Ripple has explicitly denied that it will launch an IPO in 2025. In an interview with CNBC, Ripple President Monica Long said that an IPO is not in the company's plans. She emphasized that Ripple is currently in a sound financial position and holds billions of dollars in cash reserves, and does not need to raise funds through listing or increase market exposure. Long further pointed out that companies usually go public for two main motivations: raising funds or expanding brand influence, but Ripple "has no need for either" at this stage. Previously, Ripple CEO Brad Garlinghouse also reiterated many times that Ripple is neither seeking external capital injections nor "has no short-term listing plans."

In fact, rumors of Ripple's listing have been going on for several years. In 2022, Garlinghouse said that after the legal dispute with the U.S. Securities and Exchange Commission (SEC) was settled, the possibility of an IPO would be re-evaluated. However, as the two parties reached a settlement at the end of 2023, Garlinghouse reiterated that listing was not a priority for Ripple.