Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’

Anduril CEO says it's bad to IPO in ‘middle of a hype cycle’

Anduril recently hit a $61 billion valuation, becoming one of the most highly valued private tech companies.

No Rush for Listing, says Anduril CEO - Orange County Business Journal

Anduril CEO Brian Schimpf says he’s in no hurry to take the Costa Mesa defense company public. “We’re not in any rush,” Schimpf told CNBC television in an interview aired today when asked about the possibility that the company planned to go public this year. “We can continue to stay private as long as we need to.” In May, Anduril announced a $5 billion funding raise that brought the company’s valuation to $61 billion.