Ripple CEO: Explore markets outside the US for IPO
Ripple CEO Brad Garlinghouse stated in an interview with CNBC that due to hostility from US regulators, Ripple is exploring an initial public offering (IPO) in markets outside the United States and researching listing in other jurisdictions with clear rules. However, going public is not a top priority for Ripple at the moment, and the company will re-evaluate whether to go public in the United States after the US Securities and Exchange Commission gets a new chairman. Previously, in 2022, Garlinghouse told CNBC that Ripple will explore going public after the lawsuit with the US Securities and Exchange Commission is resolved.
In addition, Garlinghouse confirmed that the company repurchased $285 million worth of shares this month, and the company has repurchased $1 billion worth of shares to date.
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