Pudgy Penguins CEO Luca Netz stated that the company plans to seek an IPO in the next two years and expressed disappointment if they fail to achieve this within the deadline. Pudgy Penguins originated from Ethereum NFTs and has now expanded into toys, games, and other fields, and launched the meme coin PENGU on Solana. Netz mentioned that the company expects to generate $50 million in revenue this year and is working with financial institutions to promote plans such as ETFs and corporate holdings of PENGU to further expand into traditional financial market channels. (Decrypt)