COINOTAG news on September 18, reports via Bloomberg indicate that Hong Kong is being considered as a prime location for Animoca Brands’ prospective listing, according to co-founder Yat Siu. Throughout an interview with Bloomberg TV, Siu emphasized Hong Kong’s strategic appeal due to it being the company’s headquarters and the city’s ongoing initiatives to establish itself as a cryptocurrency hub. Nevertheless, any potential IPO plans are projected to take several years to materialize as current efforts are channeled towards business expansion.
In a dialogue with the South China Morning Post last month, Siu disclosed that Animoca’s private shares were trading between $1.5 billion and $3 billion in the secondary market, a notable contrast to the $5.9 billion valuation from the 2022 financing round. He cautioned that low trading volumes might skew these figures, and clarified that Animoca Brands is not actively pursuing new capital funding at this time.