OpenSea CFO Denies IPO Rumors
Main page News, IPO, Crypto Market, NFT
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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."

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

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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.

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