As a researcher with a background in blockchain technology and experience in following the market trends, I’m excited about Animoca Brands’ potential public listing in Hong Kong or the Middle East next year. The company’s impressive portfolio of over 400 crypto holdings, including well-known names like Axie Infinity, OpenSea, and Dapper Labs, has caught my attention.
As a financial analyst, I’ve come across some intriguing news regarding Animoca Brands, a prominent blockchain investment firm based in Hong Kong. Reports suggest that the company is considering going public in either Hong Kong or the Middle East by next year.
According to reports, Animoca Brands, a company specializing in blockchain technology and investments, may go public through an Initial Public Offering (IPO) in Hong Kong or the Middle East by 2025. These regions have shown interest in welcoming more crypto-related investors.
During an interview, Yat Siu, co-founder of Animoca Brands based in Hong Kong, disclosed that the web3 company, which was valued at approximately $6 billion in 2022, has previously engaged in discussions with investment banks. Nevertheless, they have not yet selected an advisor for this process.
Animoca Brands has experienced going public before in its past, having been listed on the Australian Securities Exchange. However, due to non-compliance concerns, it was subsequently delisted from the exchange in the year 2020.
A leading blockchain company boasts a diverse portfolio of more than 400 cryptocurrencies. Some of its holdings are popular platforms such as Axie Infinity, the play-to-earn game, OpenSea, the marketplace for non-fungible tokens (NFTs), and Dapper Labs, a blockchain developer. The firm has successfully secured over $830 million in funding from esteemed investors, which includes Temasek Holdings, GSV Capital, Soros Fund Management, and the Winklevoss twins’ venture capital firm.
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2024-06-27 10:33