While the crypto industry multiplies its stock market listings to gain legitimacy, Ripple chooses a different path. Unexpectedly, its president Monica Long has ruled out any IPO, despite a valuation of $40 billion and the end of its legal battle with the SEC. Thus, contrary to signals sent to the market, this refusal marks a clear intention: to remain independent in order to better control its growth and governance, while strengthening its position in a regulatory landscape undergoing rapid change.
The article Crypto: Ripple chooses to remain a private company despite a favorable context for an IPO appeared first on Cointribune.
