OpenSea CFO Denies IPO Rumors
iHodl.com
Main page News, IPO, Crypto Market, NFT
Hot topic
Dec. 8, 2021

Chief Financial Officer of OpenSea, Brian Roberts, said the company does not plan to go public after the community criticized rumors the NFT marketplace could go public via IPO. Roberts said in a tweet the information about is untrue. The OpenSea CFO noted there is a "big gap between thinking about what an IPO might eventually look like & actively planning one."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

"We are not planning an IPO, and if we ever did, we would look to involve the community," Roberts added.

Ubisoft Faces Criticism After Launching NFT Cosmetics System

Earlier this week, Roberts said in an interview with Bloomberg that it "would be foolish" not to think about OpenSea "going public." Particularly, he said:

"When you have a company growing as fast as this one, you would be foolish not to think about it [OpenSea] going public. [It] would be well-received in the public market given its growth."

In August this year, OpenSea Head of Product, Nate Chastain, said the marketplace team consists of 37 people who process 98% of all NFT volumes. A few months later, reports said OpenSea's valuation hit $10 billion as a result of a new funding round.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error
Close