Ripple CEO Brad Garlinghouse has dismissed immediate plans for an initial public offering (IPO), citing the underwhelming post-listing performance of other crypto firms like Gemini and Kraken. Speaking at XRP Las Vegas 2026, Garlinghouse emphasized that Ripple is not prioritizing going public, highlighting the importance of timing and regulatory clarity. While former Ripple CTO David Schwartz acknowledged ongoing internal discussions about a potential IPO, the company is currently focused on compliance, infrastructure, and institutional adoption of XRP. This strategic approach reflects a broader industry trend prioritizing long-term credibility over rapid public listings. Ripple's decision underscores its commitment to strengthening fundamentals and aligning with regulatory frameworks before considering a public market debut.