Pudgy Penguins Eyes Wall Street IPO by 2027
Pudgy Penguins CEO Luca Netz has announced ambitious plans for the popular crypto-native IP to go public on Wall Street within two years. The project is projected to generate $50 million in revenue this year, fueled by expansion into retail, arcades, and storybooks.
Netz aims to leverage the current IPO revival, with companies like Circle and Bullish already successfully listing. Pudgy Penguins is also exploring tokenizing shares and is considering a New York presence to navigate public markets.
"Every day, every hour, every minute counts, and New York just moves at an incredible pace that I think is super necessary if you want to win," Netz stated.