Animoca Brands, a leading Hong Kong-based gaming and metaverse firm, is considering a return to the public market. The company, which was delisted from the Australian Securities Exchange (ASX) in 2020, is exploring options to go public in crypto-friendly jurisdictions like Hong Kong and the Middle East.
Strategic Public Listing Plans
Yat Siu, the chairman of Animoca Brands, revealed that the company is evaluating a potential public listing in the second half of 2025. This announcement, first reported by The Information and confirmed by The Block, underscores Animoca’s confidence in achieving this milestone, although it is contingent on various factors.
Past Delisting from ASX
Animoca was previously traded on the ASX but faced delisting in 2020 due to its involvement in crypto-related activities. Despite this setback, the firm has continued to grow and expand its presence in the blockchain and Web3 space.
Company Background and Valuation
Founded in 2014, Animoca Brands has established itself as a major player in the digital entertainment and blockchain industries. The company reached a valuation of $5.9 billion following a successful funding round in 2022. It has invested in high-profile blockchain and Web3 projects, including The Sandbox, Axie Infinity, and the TON network.
Crypto-Friendly Jurisdictions
Animoca is considering listing in regions with favorable crypto regulations, such as Hong Kong and the Middle East. These areas are known for their supportive policies towards blockchain and digital assets, making them attractive options for Animoca’s public listing.
Animoca Brands’ potential return to the public market in 2025 marks a significant step for the company. By targeting crypto-friendly jurisdictions, Animoca aims to capitalize on its strong position in the blockchain and metaverse sectors, ensuring continued growth and innovation.