NFT investor Animoca Brands eyes going public in 2025: report

Hong Kong-based blockchain investment firm Animoca Brands is reportedly planning a public listing in Hong Kong or the Middle East next year.

Blockchain software and investment firm Animoca Brands is reportedly considering an IPO in Hong Kong or the Middle East in 2025, as the region shows a willingness to welcome more crypto investors.

Animoca Brands co-founder Yat Siu revealed in an interview that the Hong Kong-based web3 firm, valued at around $6 billion in 2022, is in talks with investment banks. However, Siu added that he has not yet chosen an advisor.

Going public for Animoca Brands would not be the first in the company’s history as the company was previously listed on the Australian Securities Exchange but was delisted in 2020 due to compliance issues.

The blockchain firm owns more than 400 crypto assets, including play-by-play game Axie Infinity, non-fungible tokens (NFTs) OpenSea, and blockchain developer Dapper Labs. The firm has also raised over $830 million in more than 29 financing rounds from a pool of investors including Temasek Holdings, GSV Capital, Soros Fund Management and the venture capital firm of Cameron and Tyler Winklevoss.

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