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Ripple President Confirms Company Will Stay Private, No IPO Planned

Ripple’s president has stated the company intends to remain privately held, dismissing any plans for an initial public offering.

Summary

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Terms & Concepts
  • IPO (Initial Public Offering): The process by which a private company offers shares to the public for the first time.
  • Private Company: A business owned by non-governmental entities whose shares are not traded on public stock exchanges.
  • Ripple: A fintech firm known for its blockchain-based payment protocol used for cross-border transactions.