Animoca Brands, a prominent investor in the blockchain and web3 space, is preparing to go public in the United States. This development comes five years after the company’s shares were delisted from the Australian Securities Exchange (ASX). The decision to pursue a US listing reflects Animoca’s strategic response to changes in the global regulatory environment and the evolving landscape of crypto-related financial markets.

Animoca Eyes IPO After Growth in Web3 Sector

Animoca Eyes IPO

According to a recent interview with the Financial Times, Animoca Brands chairman Yat Siu described a US IPO as “a very important part of the roadmap.” Siu pointed to regulatory developments and the lack of competition as motivating factors behind the move. He noted that ongoing legal actions by the Securities and Exchange Commission (SEC) against domestic crypto firms have limited the presence of comparable US-based companies, potentially creating a more open market for Animoca’s offering.

Siu characterized the current environment as a timely opportunity for the company. “It’s a unique moment in time. I feel like it would be one heck of a wasted opportunity if we didn’t at least try,” he said. The company has not yet set a specific date for the IPO but indicated that an announcement may come soon. Discussions are underway regarding the most suitable shareholding structures for the listing.

Animoca Eyes IPO After Growth in Web3 Sector

Financial Growth and Asset Position

Animoca Brands recently reported its financial results for the 2024 fiscal year. Bookings totaled $314 million, representing a 12 percent increase compared to the previous year. The company’s total assets are reported at $4.3 billion, with an additional $2.9 billion in blockchain-based tokens, including SAND, EDU, MOCA, and GMEE. These digital assets are currently illiquid but reflect Animoca’s extensive involvement in the web3 ecosystem.

Animoca Eyes IPO After Growth in Web3 Sector

Broad Exposure Across Web3 Investments

The company holds over 450 investments in blockchain platforms and consumer-facing web3 products. This diverse portfolio allows Animoca Brands to present its stock as a proxy for broad exposure to the crypto sector. While it is not an exchange-traded fund (ETF), the company’s widespread investment activity may appeal to investors seeking a single entity that reflects a wide range of crypto-related ventures.

As the regulatory environment in the United States continues to evolve and investor interest in web3 technologies grows, Animoca Brands’ planned IPO signals an effort to align with a market that is increasingly open to blockchain innovation. The company’s next steps will be closely watched as it finalizes plans for its return to public markets.