Ripple launches $750 million share repurchase at $50 billion valuation as new tender offer opens

Ripple has initiated a share repurchase of up to $750 million that values the company at $50 billion, according to a person with direct knowledge of the transaction. The tender offer will allow existing investors and employees to sell shares back to the blockchain payments firm and is expected to run through April. The move follows a prior $1 billion buyback attempt and comes after Ripple's $500 million funding round at a $40 billion valuation in November.