Animoca Brands Aims for 2025 Public Offering in Hong Kong or Middle East

One of the biggest Web3 companies, Animoca Brands, is getting ready to go public in 2025. The firm, which is estimated to be worth $5.9 billion in 2022, is thinking of listing in the Middle East or Hong Kong, according to a report by The Information.

Animoca co-founder Yat Siu stated that the firm is evaluating various locations for its initial public offering (IPO). While talks with investment banks have been initiated, no adviser has been hired yet. “We are exploring all options to ensure the best outcome for our stakeholders,” Siu mentioned. The decision on the listing location remains open, with Hong Kong and the Middle East as primary contenders.

Investments and Future Plans

Significant progress has been achieved by Animoca Brands in the Web3 arena. The company, which is well-known for funding non-fungible tokens (NFTs) and cryptocurrency gaming businesses, has supported well-known initiatives including Axie Infinity, the TON Network, and the payments app hi. In the quickly changing digital assets market, Animoca’s position has been strengthened by these calculated investments.

The firm decided to go public as it keeps growing its clout in the gaming and blockchain sectors. Its development and innovation in these fields are anticipated to be further accelerated by the possible IPO.