Ripple was founded in 2012 by Chris Larsen and Jed McCaleb. According to CNBC, the company acquired an overseas crypto company called Metco for $250 million in May 2023. Metco is a Swiss firm that holds digital assets for clients. Ripple has not officially endorsed a plan to participate in an IPO.
Ripple is a global blockchain-based real-time financial settlement services network, that allows individuals to exchange money regardless of location or particular bank. Ripple has raised a total of $300 million across 2 funds. This series B fund was announced on Sep 29, 2021, and raised a total of $250 million from lead investor The K Fund. Per Forge Data, Ripple has a valuation of $15 billion as of January 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Ripple is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Ripple is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Ripple (XRP) is a cryptocurrency token designed to migrate transactions from central databases controlled by financial institutions to a more open infrastructure while significantly cutting costs.
Ripple has partnered with over 100 financial institutions worldwide such as Santander, Canadian Imperial Bank of Commerce, IFX and more.
The Chief Executive Officer of Ripple is Brad Garlinghouse.
According to Ripple's website, its mission is to "Build breakthrough crypto solutions for a world without economic borders.
Through blockchain technology, Ripple enables global financial institutions, businesses, governments and developers to move, manage and tokenize value, helping to unlock greater economic opportunity for everyone, everywhere."