Ripple drops $700M on share buyback; XRP price reacts

​​Ripple Labs has launched a $700 million share buyback plan, but will this move further delay the company’s long-anticipated IPO? In an email to stakeholders, Ripple CEO Brad Garlinghouse confirmed that the $700 million tender offer began on June 10 and will remain open until July 9. The offer values Ripple shares at $175 each, a striking 135 percent premium over the company’s recent secondary market price of around $74 to $75. Ripple email. Source: Jeremy Raper on X By offering such a premium, Ripple is signaling both its financial strength and its intent to reward existing shareholders source: https://finbold.com/ripple-drops-700m-on-share-buyback-xrp-price-reacts/