ANDURIL JUST DOUBLED ITS VALUATION TO $61 BILLION BUT ITS CEO SAYS NOW IS A BAD TIME TO IPO "A bad time to do that is in the middle of a hype cycle. So we're not in a rush to go out," Anduril CEO Brian Schimpf said at the Allen & Co. Sun Valley Conference. He defines a successful IPO as investors still being up three years later, not just a strong debut. "We're seeing crazy high valuations on the expectations of future growth and all of those different things. I'm not sure that the market is particularly rational on the pricing right now," he said. Founder Palmer Luckey has said he "definitely" wants to IPO Anduril eventually. Schimpf's own warning: "I do think a lot of companies are dangerously leading into overvalued territory in a way that could backfire."