Animoca Brands Eyes 2025 IPO in Hong Kong or the Middle East

AnimocaBrandsislookingtogopublicnextyearinacrypto-friendlyjurisdiction,theInformationreportedonJune26,citingthefirm'sco-founderYatSiu.

HongKong-basedWeb3companyAnimocaBrandsisreportedlyplanningtogopublicin2025,aimingforalistinginajurisdictionthatembracescryptocurrencies,accordingtoaJune26reportbytheInformation.Thecompany,valuedat$5.9billionatthetimeofits2022fundraisinground,hasbegundiscussingthematterwithinvestmentbanksbuthasyettoappointanofficialadviserforthelistingprocess,thereportadds.AnimocaBrandsco-founderYatSiustatedthatthecompanyisconsideringseveralpotentialIPOlocations,includingHongKongandtheMiddleEast.“Webelievetheseregionsoffervibrantmarketsandstrategicadvantagesthatalignwithourvisionforgrowthandinnovationinthedigitalassetsspace,”Siuadded.AnimocaBrandshasmadesubstantialinvestmentsinvarioushigh-profileprojects,includingthepopularblockchain-basedgamingplatformAxieInfinity,thedecentralizedTONNetwork,andtheinnovativedigitalpaymentsapplicationhi.Siuhasexpressedstrongoptimismaboutthepotentialofnon-fungibletokens(NFTs)torevolutionizeindustriessuchasrightsmanagementandeducationbyintegratingdigitalownershipandvalue.Thecompany'sinvestmentstrategyrevolvesaroundutilizingblockchaintechnologytocreateneweconomicmodelsandopportunitiesinthedigitalrealm.AnimocaBrandswaspreviouslylistedontheAustralianSecuritiesExchange(ASX)butwasdelistedinMarch2020followingbreachesofvariousrules.Thedelistingpromptedthecompanytoreassessitsstrategyandconsideralternativeavenuesforgrowthandcapitalraising.Astheglobalfinanciallandscapebecomesmoreacceptingofdigitalassetsandwithregulatoryenvironmentsevolving,AnimocaBrandsispositioningitselfattheforefrontofthisdigitalrevolution.TheupcomingIPOisexpectedtoprovidethecompanywithadditionalresourcestofuelitsexpansionandinnovationefforts.

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