Animoca Brands, a Hong Kong-based blockchain gaming and investment company, plans to go public in the U.S., capitalizing on current regulatory changes in cryptocurrency.
Plans for U.S. IPO
Executive Chairman Yat Siu stated that the company is actively developing different capital structures for a potential U.S. IPO. He characterized the current market state as 'a unique moment in time' for crypto firms.
Strategic Changes of the Company
Following its delisting from the Australian Securities Exchange in 2020, Animoca Brands has significantly altered its strategy and now holds stakes in over 450 projects. The company continues to increase its financial assets and is looking at significant revenue from the IPO.
Prospects of Cryptocurrency Regulation in the U.S.
The return of Donald Trump to administration has signaled many crypto companies to reassess their presence in the U.S. However, legal uncertainty remains, and experts warn that regulatory changes may take time.
Animoca Brands views the potential U.S. public listing as a strategic step to enhance its financial stability and extend influence in international markets.
