Pudgy Penguins CEO Luca Netz hinted at an IPO plan, PENGU rose over 66% in the past week

Pudgy Penguins CEO Luca Netz posted an ambiguous tweet that included a pair of eyes, a penguin, and a building, followed by an arrow with the word "SOON." Although there were no textual messages, the market interpreted it as a hint that the company is advancing its IPO plans.

As a result, PENGU rose over 17% that day, and combined with the overall market improvement, it has increased over 66% in the past week. The community interpreted the building in the post as a stock exchange and understood the meaning of the post as "Look, the penguin is about to go public soon." Luca Netz stated in a 2025 interview that he hopes to achieve the company's public listing before 2027.