Anduril CEO Says Defense Tech Firm Not in Rush to IPO, Values Firm at $61B

According to CEO Brian Schimpf at Allen & Co. Sun Valley Conference on Thursday, Anduril is not in a hurry to go public given current market conditions. Schimpf told CNBC that a successful IPO requires investors to achieve good returns three years after listing, and attempting this in the middle of a hype cycle would be bad timing. The defense tech company, which makes drones and AI-powered weapons, doubled its valuation in May to $61 billion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments