Animoca Brands, a prominent player in GameFi and the metaverse sectors, is set to go public again, targeting early 2025 for its IPO in either Hong Kong or the Middle East.
This move follows its exit from the Australian Securities Exchange (ASX) in 2020 due to governance concerns and involvement in crypto-related activities.
Valued at $5.9 billion, Animoca Brands aims to capitalize on growth opportunities in digital gaming and virtual reality.
Discussions with investment banks are underway, signaling progress towards its strategic public offering aimed at expanding shareholder value and market presence in crypto-friendly jurisdictions.