Yat Siu: Hong Kong is a "strong contender" choice for Animoca Brands' potential IPO, currently not seeking new funding

2024-09-18 09:05:15

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ChainCatcher news, Animoca Brands co-founder Yat Siu stated that Hong Kong is a "strong contender" option for the potential listing of the crypto venture capital and blockchain game developer Animoca Brands Corp.

Siu, in an interview at a conference in Singapore, mentioned that part of the reason is that the company's headquarters is based in Singapore, where officials are seeking to develop a crypto hub, and activities related to digital assets have expanded.

However, he noted on Wednesday that any IPO plans may take "years to really materialize," with the current focus on building the business.

Siu told the South China Morning Post last month that Animoca's shares are valued between $1.5 billion and $3 billion in the secondary market. In contrast, the company was valued at $5.9 billion in a funding round in 2022.

Siu added that the company is not seeking to raise new funds. (Bloomberg)

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