- Ripple has launched a $700 million share buyback at $175 per share, showcasing strong financial health and signaling confidence in its growth trajectory.
- While the company denies imminent IPO plans, the move has sparked renewed investor speculation about Ripple’s public market potential.
Ripple Makes Bold Move to Reaffirm Confidence
Ripple has officially launched a massive $700 million share buyback, offering $175 per share—marking a staggering 135% premium over recent private market prices. The offer, which opened on June 10 and closes July 9, is available to shareholders with vested stock options. The move, facilitated via Nasdaq Private Market, was revealed in an email from Ripple CEO Brad Garlinghouse, shared by investor Jeremy Raper on X.
Buyback Highlights Ripple’s Financial Firepower
The $175-per-share offer far exceeds Ripple’s last known private market valuation of around $74–$75 on platforms like Hyve. This represents not only a dramatic increase from Ripple’s earlier January buyback at $125 per share but also a firm vote of confidence in the company’s growth outlook.
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Ripple’s disclosed financials are impressive. The company reportedly holds:
- $3.7 billion in cash
- No debt
- 41 billion XRP (worth between $47B–$94.6B depending on discounting)
- $600 million in other investments
- Over $1 billion in EBIT from the previous year
Raper estimates that with 141 million shares outstanding, Ripple’s balance sheet alone could justify a share price north of $350—making the $175 offer still highly conservative.
IPO Not Imminent, But Speculation Builds
While this tender offer provides liquidity to early investors, insiders, and employees, Ripple has reiterated that an IPO is not its immediate goal. This echoes the company’s stance during the January buyback. Instead, Ripple is prioritizing strategic acquisitions and internal equity management.
Still, investors are buzzing. With its SEC battle mostly resolved and ecosystem expansion underway, many believe Ripple could command a $35–$50 billion valuation if it went public.
Final Thoughts
Ripple’s second buyback in under a year sends a strong signal: the company is financially solid, growth-focused, and actively managing shareholder value. Whether or not an IPO is on the near-term horizon, Ripple’s latest move has certainly turned heads across both crypto and traditional financial markets.
