According to BlockBeats, on September 18, Bloomberg reported that Animoca Brands co-founder Yat Siu said that Hong Kong is a “strong contender” for the company’s potential listing.
“That’s partly because the company is based in Hong Kong, and digital asset-related activity is expanding in the city as officials seek to develop a cryptocurrency hub,” Siu told Bloomberg Television in an interview at a conference in Singapore.
But any IPO plans may take “a few more years to really take shape,” he said Wednesday, and the focus now is on growing the business.
Siu told the South China Morning Post last month that privately held Animoca shares were valued at between $1.5 billion and $3 billion on the secondary market. That’s a difference compared to the $5.9 billion valuation in the 2022 funding round.
Siu said low trading volumes in the secondary market would distort the signal, adding that Animoca Brands was not currently seeking to raise new capital.
