Animoca Brands, a Hong Kong-based gaming and metaverse firm, is eyeing a potential public listing in 2025. The company’s chairman, Yat Siu, confirmed that Animoca is considering a return to the public market, with a likely listing in the second half of 2025. The move comes after the firm was delisted from the Australian Securities Exchange (ASX) in 2020 following scrutiny of its crypto-related activities.
Exploring Crypto-Friendly Jurisdictions
According to Siu, Animoca is weighing options to list in crypto-friendly jurisdictions, such as Hong Kong and the Middle East, where regulatory policies are more accommodating towards the digital asset industry. “It’s contingent on many factors, but we feel confident that we will go public. And if it happens, it’s likely in the second half of 2025,” Siu said in an email response to The Block.
Animoca’s Journey and Investments
Founded in 2014, Animoca was previously traded on the ASX before its delisting in 2020. At the time, the company stated that the delisting was due to “scrutiny of its involvement in crypto-related activities.” In 2022, Animoca was valued at $5.9 billion following a funding round. The firm has invested in prominent blockchain and Web3 projects, including The Sandbox, Axie Infinity, and the TON network.
The Block’s Disclosure
As a note, The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures, a majority investor in The Block, also invests in other companies in the crypto space, including crypto exchange Bitget as an anchor LP. However, The Block continues to operate independently to provide objective, impactful, and timely information about the crypto industry.
