{"id":54380,"date":"2021-12-09T12:01:58","date_gmt":"2021-12-09T10:01:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54380"},"modified":"2025-09-03T20:08:16","modified_gmt":"2025-09-03T17:08:16","slug":"opensea-cfo-denies-ipo-plans","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opensea-cfo-denies-ipo-plans\/","title":{"rendered":"OpenSea CFO denies IPO plans"},"content":{"rendered":"<p>OpenSea&#8217;s new chief financial officer Brian Roberts denied reports that the NFT marketplace planned to conduct an IPO. He said that if such a decision were made, the company would strive to take the community&#8217;s interests into account.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There was inaccurate reporting about <a href=\"https:\/\/twitter.com\/opensea?ref_src=twsrc%5Etfw\">@OpenSea<\/a>&#8216;s plans. Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like &#038; actively planning one. We are not planning an IPO, and if we ever did, we would look to involve the community.<\/p>\n<p>\u2014 Brian Roberts (broberts.eth) (@BKRoberts) <a href=\"https:\/\/twitter.com\/BKRoberts\/status\/1468399263336083458?ref_src=twsrc%5Etfw\">December 8, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>There was inaccurate information about OpenSea&#8217;s plans. Let me clarify: there is a big difference between thinking about what an IPO might eventually look like and actively planning one. We are not pursuing this, and if we had such plans, we would seek to involve the community,<\/p>\n<\/blockquote>\n<p>Speculation about OpenSea preparing for a public listing emerged after Roberts&#8217;s interview given shortly after <a href=\"https:\/\/u1f987.com\/en\/news\/nft-marketplace-opensea-hires-former-lyft-cfo\">appointment in December<\/a>. In a Bloomberg interview, the CFO stressed that the marketplace is profitable and does not need funding to grow.<\/p>\n<p>At the same time he said the company could direct investors&#8217; money toward acquisitions, partnerships and the creation of joint ventures for further expansion on the market. Journalists from the publication added that the top manager already plans an IPO.<\/p>\n<p>In the community, Roberts&#8217;s remarks were criticised, with many arguing that to finance the company&#8217;s initiatives it should issue its own token rather than seek funds on the stock market.<\/p>\n<p>DeFiance Capital founder Arthur Cheong said his fund does not intend to invest in OpenSea.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Imagine being the largest and most successful NFT marketplace yet choosing to go for IPO instead of issuing tokens. <\/p>\n<p><span data-descr=\"Not Going to Make It, the acronym used when investments in a dubious project are involved.\" class=\"old_tooltip\">NGMI<\/span>,<\/p>\n<p>\u2014 Arthur (@Arthur_0x) <a href=\"https:\/\/twitter.com\/Arthur_0x\/status\/1467935033004474374?ref_src=twsrc%5Etfw\">December 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>TrustSwap CEO Jeff Kirdeikis also noted that he was disappointed by such a decision. In his view, an IPO would diminish OpenSea users&#8217; loyalty.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Opensea going for an IPO instead of a community token, airdropped to their users, is about as tone-deaf as it gets. <\/p>\n<p>NFT platforms are a dime a dozen these days, and loyalty changes quickly.<\/p>\n<p>\u2014 Jeff Kirdeikis \ud83d\udd01 (@JeffKirdeikis) <a href=\"https:\/\/twitter.com\/JeffKirdeikis\/status\/1468005041541844993?ref_src=twsrc%5Etfw\">December 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In July 2021 OpenSea <a href=\"https:\/\/u1f987.com\/en\/news\/nft-marketplace-opensea-raises-100-million-at-a-1-5-billion-valuation\">raised $100 million at a $1.5 billion valuation<\/a>.<\/p>\n<p>In November, media reported plans for the company <a href=\"https:\/\/u1f987.com\/en\/news\/opensea-plans-a-10-billion-valuation-following-a-funding-round-reports-say\">to achieve a $10 billion valuation<\/a> following a new round of funding.<\/p>\n<p>Recall that last month <a href=\"https:\/\/u1f987.com\/en\/news\/november-2021-in-figures-boba-network-debut-planb-model-questioned-and-metaverse-token-rally\">NFT trading volume on the marketplace stood at $2.37 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenSea&#8217;s new chief financial officer Brian Roberts denied reports that the NFT marketplace planned to conduct an IPO. He said that if such a move were considered, the company would strive to take the community&#8217;s interests into account.<\/p>\n","protected":false},"author":1,"featured_media":54381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[822,1213,1265],"class_list":["post-54380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-marketplace","tag-nft","tag-opensea"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=54380"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54380\/revisions"}],"predecessor-version":[{"id":54382,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/54380\/revisions\/54382"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/54381"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=54380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=54380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=54380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}