Animoca’s Timeline to Go Public Would Depend on The Market’s Status: Yat Siu

Animoca Brands’ Chairman, Yat Siu, has stated that the company’s plans to go public will depend on the market’s status in the coming years. Although Animoca has been considering Hong Kong or the Middle East as potential locations for the IPO, Siu indicates that Hong Kong is the preferred choice due to the company’s headquarters being located there. However, Siu emphasizes that determining a specific timeline for the IPO is challenging due to various factors involved. Animoca is currently in the midst of the audit process, which is viewed as a crucial step in the initial public offering. The audit is being conducted by Australia’s DFK Collins, and Siu highlights that it is one of several measures to build confidence among the market and institutions. In 2020, Animoca was delisted as a public company in Australia due to regulatory concerns surrounding crypto. Siu noted that the company experienced explosive growth after being delisted, as it was able to pursue opportunities that were previously restricted due to the ASX’s lack of comfort and understanding.