TLDR:Ripple offers a $175/share buyback, up 135% from $74 private market trades.A $700M tender boosts valuation to nearly $25B with no IPO in sight.The company holds $3.7B in cash, no debt, and 41B XRP on its balance sheet.Buyback signals an internal liquidity push and investor reward strategy.Ripple Labs has initiated a $700 million tender offer to repurchase shares from existing holders at $175 per share. The move signals a broader strategy to reward early investors and tighten ownership control without pursuing a public listing. Private shareholders received emails outlining the offer, which began on June 10 and will run until July 9. The repurchase represents a 135% premium over Ripple’s last private trade prices near $74. This latest offer mirrors the company’s rising financial confidence and operational maturity.Ripple Buyback Price Far Exceeds Private Market ValueRipple’s share repurchase price stands well above its recent secondary market pricing. On platforms such as Hyve, shares were last seen trading in the $74–$75 range. The $175-per-share offer marks a significant premium, doubling the price from those private trades.Investor Jeremy Raper, who holds shares in Ripple, noted the premium and shared details from the company’s internal communication. According to Raper, the email from CEO Brad Garlinghouse framed the buyback as part of Ripple’s broader growth strategy. Not a bad email to wake up to…Ripple Labs buying back 3-5% of the co at $175/share…last traded prices on Hyve were $74-75, so a nice little 135% premium…More thoughts to follow. I own Ripple (the co, not $XRP) outright, as well as derivative plays on Ripple… pic.twitter.com/OmTgTthRDI— Jeremy Raper (@puppyeh1) June 10, 2025The repurchase will occur through the Nasdaq Private Market, targeting eligible stockholders and vested option holders.The tender comes as Ripple maintains strong financial health. According to internal disclosures reviewed by investors, the company holds $3.7 billion in cash and zero debt. It also owns 41 billion XRP tokens, of which 36.2 billion are in escrow and the rest are available on its balance sheet.Valuation and IPO Speculation ContinueRipple’s current share count sits at around 141 million. At $175 per share, the implied valuation is nearly $25 billion. Raper estimated that even with conservative asset markdowns, Ripple’s balance sheet supports a value above $350 per share.Despite ongoing speculation, Ripple maintains that a public listing is not a near-term priority. The company repeated this stance earlier in January during a similar buyback at $125 per share. The back-to-back tenders suggest Ripple is offering internal liquidity while postponing an IPO.While Ripple strengthens its private valuation, XRP has seen a price drop lately. According to CoinGecko, XRP currently trades at $2.24, down 3.63% over 24 hours. Volume has also dipped, falling 17.4% from the previous day. Despite this, XRP remains up 0.70% over the past week, keeping investor focus on Ripple’s broader ecosystem.XRP price on CoinGeckoThe post Ripple Share Buyback: $175 Per Share Offer Hints at Rising Valuation appeared first on Blockonomi.