Crypto Giant Animoca Brands Announces Plans For Initial Public Offering In The US

Hong Kong-based Animoca Brands, a major venture capital investor in the cryptocurrency market, announced on Monday its plans for an initial public offering (IPO) in the United ￰0￱ move will be executed through a reverse merger with Currenc Group, a fintech company specializing in artificial intelligence (AI) ￰1￱ Brands Returns To Public Markets The transaction is anticipated to close in 2026, at which point Animoca Brands shareholders are expected to hold approximately 95% of the new entity’s issued ￰2￱ investors in Animoca include Kingsway Capital, 50T Funds, and SoftBank, as stated by the company’s executive chairman Yat Siu in a recent interview with ￰3￱ upcoming listing marks Animoca’s return to public markets following its delisting from the Australia Securities Exchange (ASE) in 2020, which occurred due to concerns over breaches of listing rules related to its involvement in crypto ￰4￱ Brands follows other firms that have entered the public ￰5￱ (CRC), the issuer of USDC, is one of the most notable ones, amid President Trump’s support for the growth of digital assets in the country in ￰6￱ boasts a diverse portfolio that includes tokens and equity stakes in over 600 crypto ￰7￱ features investments in firms that are also planning to go public, such as blockchain infrastructure provider ConsenSys and the cryptocurrency exchange ￰8￱ indicated that much of Animoca Brands’ portfolio consists of tokens from startups, and the company has a dedicated team focused on trading these cryptocurrencies to generate returns.

“We consider ourselves basically a levered bet on altcoins,” he ￰9￱ York Office On The Horizon The merger with Currenc is contingent upon regulatory approvals in both the US and Australia, where Animoca’s corporate entity is registered. Additionally, it depends on Animoca providing audited financial statements for previous ￰10￱ Siu confirmed that Animoca Brands is profitable, he noted that the company has not yet disclosed its financial results for the current fiscal ￰11￱ a letter of intent has been signed, definitive agreements for the merger are still being ￰12￱ companies have entered a three-month exclusivity period to complete the ￰13￱ more than 700 employees, Animoca Brands is also planning to establish a new office in New ￰14￱ highlighted that President Donald Trump’s favorable stance toward the cryptocurrency industry played a significant role in the decision to pursue a US listing.

“I mean, do I need to say Trump?” he stated, while also noting that a dual listing in Hong Kong remains a possibility, emphasizing the importance of the Asian market to the company’s overall strategy and user ￰15￱ image from DALL-E, chart from ￰16￱