Ripple’s $50B Valuation Keeps IPO Talk in Check

Ripple CEO Brad Garlinghouse struck a noticeably softer tone on the company’s IPO prospects at the Wyoming Blockchain Symposium, even as Ripple simultaneously runs a $750 million share buyback that pegs its private-market valuation at $50 billion.

The combination is telling: warmer language on going public, paired with a fresh vote of confidence in staying private, is closer to optionality than a policy shift.

Buyback: Ripple is repurchasing up to $750 million in shares from investors and employees, with the tender open through the end of April. Valuation: The buyback values Ripple at $50 billion, a 25% jump from the $40 billion mark set in November 2025.

CEO comments: Garlinghouse said Ripple has been happily private for a long time but is now more neutral on the IPO question, per Finbold’s account of his Wyoming remarks. No filing: Ripple has not submitted an S-1, announced a listing decision, or given any timetable.