Sequel to earlier reports that the newly appointed OpenSea CFO might be planning an Initial Public Offering (IPO) for the company, some OpenSea users have expressed their displeasure about the news. Matter of fact, many were hoping that an OpenSea token airdrop might be in the offing, which is not an unusual method that crypto projects employ to raise funds.
However, since the news of an upcoming IPO filtered through media houses, some of the users felt that OpenSea — the world’s largest NFT marketplace, going for an IPO instead of an airdrop is somewhat like biting the hands of the very community that fed the company’s growth.
OpenSea CFO clears the air
Meanwhile, in a bid to appease the disgruntled users of OpenSea about the earlier news, the newly appointed and first-ever CFO of the company, Brian Roberts has taken to his Twitter page to explain and clear the situation. In his Wednesday post, he wrote;
“There was inaccurate reporting about @OpenSea’s plans. Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like & actively planning one. We are not planning an IPO, and if we ever did, we would look to involve the community.”
Roberts had earlier suggested during an interview with Bloomberg that from the look of things, an IPO might be inevitable. He also mentioned the massive rate at which OpenSea is growing, and was quoted as saying “you’d be foolish not to think about it going public.”
OpenSea is the world’s largest NFT marketplace and recently announced Brian Roberts as its first-ever Chief Financial Officer CFO. And ever since coming on, Roberts has insisted that the company doesn’t need any more cash but needs to raise financing. The plan is to use this financing, for strategic partnerships, acquisitions, and joint ventures that will happen sometime in the near future.