According to a report by The Information on Wednesday, Animoca Brands is planning to become a publicly traded company in 2025.
The company, which was valued at $5.9 billion during its most recent fundraising round in 2022, is considering listing in Hong Kong or the Middle East, according to co-founder Yat Siu.
Siu stated that the company has held discussions with investment banks, but has not yet hired an advisor. The company, known for its investments in non-fungible tokens (NFTs) and crypto gaming companies, has not yet finalized a location for a potential initial public offering (IPO).
It has invested in several Web3 companies, including Axie Infinity, the TON Network, and hi. In an interview earlier this year, Siu discussed the potential of NFTs in digital capitalism, stating that they have not been fully utilized yet and can make a significant impact in industries such as rights management and education.
