ChainCatcher news, according to Decrypt, Pudgy Penguins is planning to achieve an initial public offering (IPO) by 2027.

According to its CEO Luca Netz, the company is expected to achieve a record revenue of $50 million this year and has begun collaborating with financial experts to make its PENGU token and NFTs more accessible to retail and institutional investors.

Netz stated: "If we don't IPO within the next two years, I will be disappointed in myself, and I ask you to hold me accountable at that time." Additionally, the company is considering tokenized stock as an alternative, allowing investors to participate in investments on a blockchain trading platform.