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Animoca Brands eyes IPO in Hong Kong or Middle East in 2025
Web3 Ecosystem
Jun 26, 2024
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Web3 Ecosystem

Web3 Ecosystem

Jun 26, 2024

Animoca Brands eyes IPO in Hong Kong or Middle East in 2025

Listing

  • Animoca Brands, a leading Web3 company responsible for the social metaverse platform, The Sandbox (valued at USD 5.9 billion in 2022), is considering going public in 2025.

  • The company has initiated preliminary talks with investment banks regarding a potential IPO in crypto-friendly regions like Hong Kong or the Middle East.

  • The funding from the IPO would likely be utilized to expand Animoca's Web3 investments and blockchain technology initiatives, though specific details on the use of proceeds were not provided.

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