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.

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Learn more about Ripple

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Is Ripple a publicly traded company?

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.

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Will Ripple go IPO?

Ripple has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

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What is Ripple's IPO price?

The IPO price for Ripple will be known only if it becomes public. However, you may access the "Price At Last Round" and the "Implied EV" for publicly traded comparable companies with Forge Data.
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Can you invest in Ripple pre-IPO?

Ripple is privately held company and is not publicly traded, therefor investing in Ripple pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.

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What is the value of my Ripple shares?

To determine the value of your Ripple shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your Ripple shares. You can also learn more about how to sell your private shares before getting started.

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Can you sell Ripple before it goes public?

Yes, you can seek to sell shares in Ripple while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.

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What is Ripple's funding to date?

Ripple has raised $293.1MM to date.
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When was Ripple founded?

Ripple was founded in 2012.
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What is Ripple used for?

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.

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How many banks are partnered with Ripple?

Ripple has partnered with over 100 financial institutions worldwide such as Santander, Canadian Imperial Bank of Commerce, IFX and more.

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Who is the CEO of Ripple?

The Chief Executive Officer of Ripple is Brad Garlinghouse.

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What is Ripple’s mission?

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."

Who are Ripple's major investors?

Andreessen Horowitz
Lightspeed Venture Partners
GV
Blockchain Capital
Founders Fund
Wicklow Capital
IDG Capital

Ripple funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
12/20/2019

Series C

$200MM raised $XXX.XX $XXX.XX
9/15/2016

Series B

$52.46MM raised $XXX.XX $XXX.XX
10/6/2015

Series A

$40.63MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Oct 9, 2024

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