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Ripple announces stock buyback, nabs $15 billion valuation

Distributed ledger tech company Ripple has nabbed a $15 billion valuation after a private stock buy-back, the company said Monday.  The company is repurchasing equity shares from investors in its Series C, which includes Tetragon, a company that unsuccessfully sued Ripple last year. At the time of the previous raise, Ripple’s valuation stood at $10 billion.  “The buyback places Ripple’s new valuation at $15B and reflects Ripple’s strong position in the market and global company momentum – Ripple’s global business …