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Hong Kong blockchain gaming firm Animoca weighing 2025-26 IPO, founder says

  • Animoca Brands co-founder Yat Siu said he hopes an IPO will bring ‘more attention to Web3’ and Asian markets, with a possible Hong Kong listing

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Animoca Brands is the biggest Web3 company in Hong Kong, with a portfolio of more than 400 start-ups. Photo: Shutterstock
Hong Kong-based blockchain video gaming firm Animoca Brands is weighing options for a public listing, possibly in Hong Kong or the Middle East, as early as late next year.
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“It’s contingent on many factors, but we feel confident that we will go public,” Siu said in a statement to the Post on Thursday. “And if that happens, it’s likely in the second half of 2025.”

Siu is considering listing in Animoca’s home city of Hong Kong or a Middle Eastern market, he told technology news publication The Information, which first reported the initial public offering plans on Wednesday. Dubai has become a hotspot for crypto business.

Yat Siu, co-founder of Animoca Brands, speaks during a panel session at the Qatar Economic Forum (QEF) in Doha, Qatar, on May 24, 2023. Photo: Bloomberg
Yat Siu, co-founder of Animoca Brands, speaks during a panel session at the Qatar Economic Forum (QEF) in Doha, Qatar, on May 24, 2023. Photo: Bloomberg

However, a possible IPO is still in its early planning stages, and the company has not yet hired an adviser, Siu told the Post.

Returning to the public market – after delisting in Australia in March 2020 amid scrutiny of its cryptocurrency activities – is about “bringing more attention to Web3”, the entrepreneur said.

“If you consider what companies like Coinbase have done for US attention in Web3, it’s a good example of a successful case to bring more focus on Web3,” Siu said. “We hope to achieve something similar in due course.”

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As a Hong Kong-based company, Siu said he hopes a future IPO would also bring more attention to Asian markets.

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