Pudgy Penguins expects to achieve record revenue of 50 million USD this year and aims to list its shares on the stock exchange by 2027.
CEO Luca Netz emphasized that the specific timing for the company to issue shares to the public will depend on the revenue growth rate. Failing to go public within the next two years would be a significant disappointment for him.
MAIN CONTENT
Pudgy Penguins expects to achieve a revenue of 50 million USD in 2024.
IPO target in 2027, depending on revenue growth results.
CEO Luca Netz is committed to taking the company public within the next two years.
What revenue target does Pudgy Penguins have for 2024?
CEO Luca Netz confirmed that Pudgy Penguins will record a record revenue of 50 million USD this year, demonstrating the company's strong growth in the cryptocurrency industry.
This figure reflects an important step forward, reinforcing Pudgy Penguins' position in the market and creating a solid financial foundation to implement long-term plans such as going public.
What does Pudgy Penguins plan regarding stock listing?
Mr. Luca Netz shared the goal of having Pudgy Penguins' stock traded on the public market by 2027, based on the company's revenue growth rate in the coming years.
This shows the leadership's high focus on strengthening business efficiency before proceeding with the IPO, in order to meet market and investor criteria.
What is CEO Luca Netz's attitude towards not IPOing on time?
Mr. Luca Netz stated that if Pudgy Penguins cannot go public within the next two years, he will feel very disappointed in himself, demonstrating strong responsibility and commitment to the development goals.
This statement also serves as an internal encouragement, driving the entire company to make maximum efforts to achieve this important strategic milestone.
"If we do not announce the stock within the next two years, it will be something that makes me extremely disappointed in myself."
– Luca Netz, CEO of Pudgy Penguins, interviewed on August 25, 2024
Frequently Asked Questions
What revenue does Pudgy Penguins expect to achieve in 2024?
CEO Luca Netz announced a revenue target of 50 million USD for 2024, marking a new record for the company.
When does Pudgy Penguins plan to IPO?
The company aims for a stock listing by 2027, depending on actual revenue growth.
What is the leadership's attitude towards the IPO plan?
CEO Luca Netz is committed to being very disappointed if the company does not go public within the next two years, demonstrating a high level of determination.
What does high revenue mean for the IPO plan?
Stable and growing revenue is a key factor to meet market standards, facilitating the IPO process.
What affects the IPO timing of Pudgy Penguins?
This plan depends on the revenue growth rate and the company's preparation to meet legal requirements.
Source: https://tintucbitcoin.com/ceo-pudgy-penguins-du-kien-ipo-2026/
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