{"id":32518,"date":"2020-11-28T19:24:49","date_gmt":"2020-11-28T17:24:49","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32518"},"modified":"2025-08-28T09:04:57","modified_gmt":"2025-08-28T06:04:57","slug":"ripple-to-sell-about-a-third-of-its-stake-in-moneygram","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ripple-to-sell-about-a-third-of-its-stake-in-moneygram\/","title":{"rendered":"Ripple to sell about a third of its stake in MoneyGram"},"content":{"rendered":"

Ripple is selling about a third of its stake in the payments service MoneyGram. This is the first such deal since the two players began close cooperation.<\/p>\n

According to the SEC filing, Ripple owns 6.22 million MoneyGram shares, or 8.6% of the total. The California-based fintech also holds warrants to buy another 5.95 million shares. These securities allow Ripple to increase its stake in MoneyGram to 12.17 million shares, or 17% of the total.<\/p>\n

Ripple intends to sell 4 million shares. This represents about 33.3% of its stake in the payments service, if the warrants are counted. After the sale the company will own 3.22 million shares, representing 4.44% of MoneyGram.<\/p>\n

Ripple’s stake in MoneyGram was acquired in 2019 \u2014 the company bought the shares at $4.10 apiece. The Nasdaq-listed securities trading under the ticker have risen 260% since the start of the year and are currently trading at $7.42. The sale of the shares is set to yield substantial profit for the California-based company.<\/p>\n

\"Ripple<\/p>\n

Data: Yahoo Finance<\/a>.<\/p>\n<\/div>\n

\n

\u201cThis is an exceptionally well-thought-out financial decision to realise some profit from Ripple’s investment in MGI. This does not reflect the current status of our partnership in any way,\u201d said representatives of the company.<\/p>\n<\/blockquote>\n

Ripple stressed that the process of selling the shares has not yet been completed.<\/p>\n

In the third quarter MoneyGram received<\/a> $9.3 million from Ripple.<\/p>\n

From January to the end of March MoneyGram received $16.6 million from the fintech startup. In the second quarter the volume of payments stood at<\/a> $15 million.<\/p>\n

Subscribe to ForkLog’s channel on YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple is selling about a third of its stake in MoneyGram. This is the first such deal since the two players began close cooperation.<\/p>\n","protected":false},"author":1,"featured_media":32519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1855,112,1211],"class_list":["post-32518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-moneygram","tag-ripple","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32518"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32518\/revisions"}],"predecessor-version":[{"id":32520,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32518\/revisions\/32520"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32519"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}