Liquid Death CEO Dodges IPO Question Despite Goldman Sachs Ties

Liquid Death CEO Mike Cessario refused to confirm an initial public offering (IPO) timeline. He gave the noncommittal answer despite the company hiring Goldman Sachs back in 2023.

Cessario made the comment on Bloomberg's "The Close" with host Romaine Bostick. The interview also covered Liquid Death's viral ad about AI data centers.

Goldman Ties Predate the Question

Bostick asked Cessario directly about the IPO timeline. He pointed to the Goldman Sachs hire and a new chief financial officer from Pepsi. Cessario did not say yes or no.

Cessario said Liquid Death wants to build a large, profitable business. Therefore, he is not focused on a specific exit strategy right now. Instead, the company will weigh an IPO or a merger when the time is right, he added.

This response leaves the IPO question open rather than closed. Liquid Death brought on a bank tied to public listings two years ago.

Yet the business still has no confirmed timeline. The pieces for a listing already sit in place.

The AI Ad Behind the Interview

The exchange followed a discussion about Liquid Death's newest ad. The campaign shows people mailing jars of urine to AI data centers. Cessario used the ad to joke about water use at these facilities.

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