Animoca Brands is considering a new public offering
Hong Kong-based Animoca Brands, which focuses on Web3 gaming, may become a public company again. Its co-founder Yat Siu stated that the company is considering holding an IPO in the second half of 2025.
The Sandbox
Previously, Animoca Brands' shares were listed on the Australian Securities Exchange, but trading was halted in 2020 due to the company’s failure to comply with exchange rules.
According to Siu, Animoca Brands is now looking into exchanges in Hong Kong and Middle Eastern countries. He hopes that a potential IPO would draw more attention to the Web3 gaming market.
As a reminder, in mid-2022, the market value of Animoca Brands was 5.9 billion dollars.
