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Ripple launches up to $750 million share repurchase program, with a company valuation of $50 billion
Deep Tide TechFlow News, March 11 — According to The Block, Ripple has launched a share buyback program with a maximum scale of $750 million. The buyback values the company at $50 billion. The repurchase will be conducted through a tender offer, allowing investors and employees to sell their shares to the company. It is expected to continue until April.
Ripple President Monica Long previously stated that the company has no plans for an IPO and prefers to achieve private expansion through mergers, acquisitions, and product development. Previously, Ripple acquired major broker Hidden Road (approximately $1.25 billion) and stablecoin platform Rail ($200 million), and announced plans to acquire BC Payments to obtain an Australian financial services license.