Ripple Launches $750 Million Share Buyback, Valuation Reaches $50 Billion


Sources familiar with the matter say that blockchain payments company Ripple has initiated a share repurchase program with a maximum scale of $750 million, valuing the company at approximately $50 billion.
The buyback will be conducted through a tender offer, allowing investors and company employees to sell their shares back to the company. The program is expected to run until April. This buyback plan comes shortly after Ripple's attempt last year to repurchase $1 billion worth of shares at a $40 billion valuation. At that time, participation was relatively limited due to some private equity shareholders being unwilling to sell their shares.
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