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Ripple Says No IPO Despite $40B Valuation and Wall Street Interest
📰 sources⭐ 8.0
TL;DR:
Ripple remains committed to staying private following its $500 million fundraising at a $40 billion valuation that brought Fortress Investment Group and Citadel Securities onto its cap table, with President Monica Long stating strategic investor relationships eliminate the need for public markets. T...
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence XRP price action and market sentiment in the near term.