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Ripple launches $750 million equity buyback at a $50 billion valuation

Ripple launches $750 million equity buyback at a $50 billion valuation

According to Bloomberg, Ripple’s tender offer for investors and employees runs through April and values the company at $50 billion, above the $40 billion valuation tied to its November fundraising.

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Fact Check
The news is widely reported by credible financial and crypto news organizations, including Bloomberg (via reporter Rebecca Torrence) and The Block. The details regarding the $750 million amount and the $50 billion valuation are consistent across all sources.
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Summary

According to Bloomberg, Ripple has launched a tender offer to repurchase up to $750 million in shares from existing investors and employees, implying a company valuation of about $50 billion. The offer is expected to run through April. Bloomberg also reported that Ripple completed a $500 million fundraising round last November at a $40 billion valuation, providing the benchmark from which the latest buyback reflects a higher implied valuation.

Terms & Concepts
  • Tender offer: An offer by a company to buy shares directly from existing investors or employees, usually at a set price within a defined time period.