Animoca Brands, a Hong Kong-based company valued at $5.9 billion, is considering going public in a crypto-friendly jurisdiction next year. Co-founder Yat Siu revealed that the firm has engaged in talks with investment banks but has not yet appointed a formal adviser for the listing process. Locations such as Hong Kong and the Middle East are being evaluated as potential IPO sites, with Siu emphasizing the vibrant markets and strategic advantages they offer for growth and innovation in the digital assets space.
Specializing in the Web3 ecosystem, Animoca Brands has invested in prominent projects like Axie Infinity, the TON Network, and hi. Siu has been a vocal advocate for NFTs, seeing their potential to transform fields such as rights management and education by embedding digital ownership and value. The company’s investment strategy revolves around harnessing blockchain technology to create new economic models and opportunities in the digital realm.
Despite its success, Animoca Brands encountered challenges when it was delisted from the Australian Securities Exchange in March 2020 due to rule breaches. This led the company to rethink its strategy and explore other avenues for growth and capital raising. With an eye on the growing interest in digital assets and blockchain technology, the potential IPO in 2025 aims to strengthen the company’s market presence and leverage its extensive investment portfolio.
As the global financial landscape increasingly embraces digital assets, Animoca Brands seeks to position itself at the forefront of this digital revolution. With regulatory environments evolving and investor interest in blockchain technology on the rise, the upcoming IPO is anticipated to provide the company with additional resources to drive expansion and innovation efforts. The decision to go public reflects the company’s commitment to seizing opportunities in the digital space and advancing its strategic growth agenda.
