Ripple CEO shifts to neutral stance on potential IPO

Ripple Chief Executive Officer Brad Garlinghouse said his view of a potential initial public offering (IPO) has become more neutral, while stressing that the company has not decided whether to go public. Ripple had previously said it had no IPO plans because its strong financial position reduced the need to raise funds through a listing. The company raised $500 million at a $40 billion valuation late last year, and Ripple President Monica Long said earlier this year that it had enough capital and investment capacity to support growth without a public listing.

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