Yat Siu: Hong Kong is a "strong contender" for Animoca Brands' potential IPO, not seeking new financing at this time

Animoca Brands co-founder Yat Siu said Hong Kong is a "strong contender" for a potential listing of crypto venture capital and blockchain game developer Animoca Brands Corp. That's partly because the company is based in Singapore, where digital asset-related activities have expanded as officials seek to develop a crypto hub, Siu said in an interview at a conference in Singapore. But he said Wednesday that any IPO plans could take "a few years to really take shape" and the focus now is on building the business. Siu told the South China Morning Post last month that Animoca shares are valued at between $1.5 billion and $3 billion in the secondary market. By comparison, the company was valued at $5.9 billion in a 2022 funding round. Siu added that the company is not seeking to raise new funds. (Bloomberg)