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Hong Kong-based blockchain investment company Animoca Brands is reportedly considering going public in Hong Kong or the Middle East next year.
Animoca Brands, a blockchain software and investment company, is considering an initial public offering in Hong Kong or the Middle East in 2025, as the region shows its willingness to welcome more cryptocurrency investors.
in a crypto-friendly-markets-for-potential-2025-listing” target=”_blank” rel=””>interview, Animoca Brands co-founder Yat Siu revealed that the Hong Kong-based web3 company valued at nearly $6 billion in 2022 has already held talks with investment banks. However, he has yet to choose an advisor, Siu added.
For Animoca Brands, going public would not be the first time in the company's history, as it was previously listed on the Australian Stock Exchange but was delisted in 2020 due to compliance issues.
The blockchain company boasts over 400 cryptocurrency holdings, including money-making game Axie Infinity, non-fungible token (nft) marketplace OpenSea, and blockchain developer Dapper Labs, among others. The firm has also raised over $830 million in over 29 funding rounds from a group of investors including Temasek Holdings, GSV Capital, Soros Fund Management, and Cameron and Tyler Winklevoss’ venture capital firm.
