Ripple launches $750 million stock repurchase program

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Odaily Planet Daily reports that Ripple has launched a new stock buyback program, intending to repurchase up to $750 million worth of shares from investors and employees through an offer to purchase at a $50 billion valuation. The offer is expected to last until April. Previously, in November last year, Ripple raised $500 million from investors including Citadel Securities and Fortress Investment Group at a $40 billion valuation. This buyback will increase Ripple’s valuation by 20%.

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