Ripple has opened a $750 million share buyback program that values the company at roughly $50 billion. The offer runs through April 2026 and is aimed mainly at early investors and employees, with the share price set near $143.43.
New tender price tops earlier buyback levels
The latest price stands above Ripple’s previous buyback rounds. In a similar event last November, shares were priced around $125. Back in January 2024, another buyback was carried out at a much lower company valuation of $11.3 billion. Based on the figures in the source material, Ripple’s valuation has climbed by nearly 4.5 times over the past two years.
Ripple had also attempted a $1 billion buyback in September 2025, but participation was limited. Many employees and early backers chose to keep their shares, expecting more upside in valuation. This time, with the offer price about 25% higher than earlier buybacks, shareholder attention has picked up again.
Acquisitions helped push valuation sharply higher
The company’s rise in valuation tracks closely with its acquisition activity. Ripple was valued at $11.3 billion in January 2024, then reached $40 billion in a November 2025 funding round. By March 2026, when the current buyback was launched, the figure had moved to $50 billion.
Two deals were highlighted in the source. Ripple’s $1.25 billion acquisition of Hidden Road expanded its reach with institutional clients across credit, foreign exchange, and digital asset markets. It also acquired GTreasury for $1 billion, adding to its treasury management infrastructure for businesses. Those transactions helped shift Ripple’s profile beyond payments into a broader financial infrastructure business.
Ripple keeps IPO off the near-term agenda
Even with a higher valuation and a larger institutional investor base, Ripple is still delaying a public listing. President Monica Long and CEO Brad Garlinghouse said the company is not planning an IPO and instead provides liquidity to employees and investors through private transactions.
According to the source, that approach lets Ripple avoid the disclosure obligations and regulatory scrutiny tied to public markets. It also gives the company room to set the terms of each buyback and refresh the reference price for employee-held shares. With a $50 billion valuation and a $750 million repurchase now in motion, Ripple is sticking with private ownership for now.