Ripple Labs has launched a $700 million share buyback plan, but will this move further delay the company’s long-anticipated IPO?
In an email to stakeholders, Ripple CEO Brad Garlinghouse confirmed that the $700 million tender offer began on June 10 and will remain open until July 9. The offer values Ripple shares at $175 each, a striking 135 percent premium over the company’s recent secondary market price of around $74 to $75.
Eligible shareholders will have a one-month window to participate in the offer. Investor Jeremy Raper highlighted the timeline in a post on X (formerly Twitter), where he shared a screenshot of the terms.
By offering such a premium, Ripple is signaling both its financial strength and its intent to reward existing shareholders. The move also reinforces confidence in the company’s growth trajectory as it continues to expand despite regulatory headwinds.
Compared to Ripple’s previous buyback in January, which valued shares at $125, the latest offer represents a clear step up. Based on the $175 per share buyback price, Ripple’s implied valuation now stands at approximately $25 billion. That jump reflects both institutional confidence and Ripple’s increasing market momentum.
Ripple IPO?
Ripple’s IPO plans remain on hold pending the outcome of its legal battle with the U.S. Securities and Exchange Commission. In his email, Garlinghouse stated:
“I think we want to get certainty and clarity in the United States with the US SEC. I am hopeful that the SEC will not slow that process down any more than they already have. But we certainly are at a point in scale where that is a possibility. And we will look at that once we are past this lawsuit with the SEC.”
Meanwhile, XRP is trading at $2.25, down 3.7% percent over the past 24 hours, with a 24-hour trading volume of $2.67 billion.
Despite the buyback highlighting Ripple’s strong financial position, XRP’s price reaction has been muted, likely weighed down by broader market volatility.
Featured image via Shutterstock
