Ripple (originally “OpenCoin”) was founded in 2012 by Chris Larsen and Jed McCaleb. The company has not officially endorsed a plan to participate in an IPO.
In addition to its cryptocurrency, XRP, Ripple developed and operates a global blockchain-based real-time financial settlement services network, allowing individuals to exchange money regardless of location or particular bank. The company has raised nearly $300 million in Venture Capital funding from investors including 2020 Ventures, CME Ventures, Hinge Capital, Santander InnoVentures, Seagate Venture Fund, Growth Technology Ventures, MicroVentures, SharesPost, Abstract Ventures, Rosemoor Capital, Andreessen Horowitz, Lightspeed Venture Partners, and IDG Capital. Per company press releases, Ripple last raised $200 million in December 2019 at a post-money valuation of $10 billion.
Ripple does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Ripple will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).
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."