TechFlow News, March 11: According to The Block, Ripple has launched a share repurchase program with a maximum value of $750 million, valuing the company at $50 billion. The repurchase is being conducted via a tender offer, allowing investors and employees to sell their shares back to the company; it is expected to run through April.
Monica Long, Ripple’s President, previously stated that the company currently has no plans for an IPO and prefers to pursue private growth through mergers and acquisitions (M&A) and product development. Earlier, Ripple acquired wholesale broker Hidden Road for approximately $1.25 billion and stablecoin platform Rail for $200 million, and announced plans to acquire BC Payments to obtain an Australian financial services license.
