NFT Investor Animoca Brands Targets IPO in 2025

2024-06-29
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Bittime - Animoca Brands, a Hong Kong-based blockchain investment firm, is reportedly considering an initial public offering (IPO) in Hong Kong or the Middle East in 2025. The move signals that the region is increasingly opening up to crypto investors. Yat Siu, co-founder of Animoca Brands, revealed that the company has held talks with investment banks although it has not yet selected an advisor.

Company History and Values

In 2022, Animoca Brands was valued at nearly $6 billion. Previously, this company was listed on the Australian Stock Exchange but was delisted in 2020 due to compliance issues. With a strong history in the blockchain sector, Animoca Brands continues to demonstrate its commitment to growing and leading in the global crypto and NFT industry.

Portfolio and Investment

Animoca Brands has an impressive portfolio with over 400 crypto investments. Some notable investments include play-to-earn game Axie Infinity, marketplace for NFTs OpenSea, and blockchain developer Dapper Labs. Additionally, the company has raised more than $830 million in 29 rounds of funding from leading investors such as Temasek Holdings, GSV Capital, Soros Fund Management, and Cameron and Tyler Winklevoss' venture capital firm.

Market Potential in Hong Kong and the Middle East

Hong Kong and the Middle East are considered regions that are increasingly friendly to crypto investors. Animoca Brands' decision to consider an IPO in the region reflects their confidence in the market potential and regulations that increasingly support the growth of the blockchain and cryptocurrency industry.

Conclusion

With this IPO plan, Animoca Brands shows its determination to expand its presence in the public market. This is a strategic move to continue to lead in the crypto and NFT industry, as well as take advantage of the opportunities offered by the Hong Kong region and the Middle East. Through a combination of strong investments, a history of leadership in the blockchain sector, and support from leading investors, Animoca Brands is poised to take the next big step in its journey.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

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