Hong Kong-based Web3 investment firm Animoca Brands is preparing for a public listing in New York, capitalizing on the pro-crypto regulatory environment under President Donald Trump’s administration. Executive Chairman Yat Siu described the current climate as a “unique moment” for crypto companies to access the world’s largest capital market.
A Strategic Pivot to the U.S.
Animoca’s decision marks a significant shift from its earlier considerations of listing in Hong Kong or the Middle East. The company is now evaluating various shareholding structures for its U.S. IPO, with an announcement expected soon.
Siu emphasized that the move is not contingent on market conditions but is driven by the favorable regulatory landscape in the U.S. He noted that the previous administration’s stringent policies had deterred many crypto firms from entering the U.S. market, but the current administration’s approach offers a rare opportunity.
Financial Strength and Portfolio
Animoca Brands reported unaudited earnings of $97 million on revenues of $314 million for the year ending December 2024. The company holds approximately $300 million in cash and stablecoins, along with $538 million in digital assets. Its investment portfolio includes over 540 companies, featuring prominent names like OpenSea, Kraken, and ConsenSys.
Industry Implications
The planned IPO is part of a broader trend of crypto firms seeking to go public in the U.S., encouraged by the current administration’s supportive stance. Other companies, such as Kraken and Circle, are also exploring U.S. listings, signaling a potential resurgence of crypto-related IPOs in the country .
Conclusion
Animoca Brands’ move to list in New York underscores the evolving regulatory landscape in the U.S. and its impact on the global crypto industry. As the company positions itself to leverage this “unique moment,” its IPO could serve as a bellwether for other crypto firms considering entry into U.S. capital markets.
