Hong Kong blockchain gaming firm Animoca weighing 2025-26 IPO, founder says
- Animoca Brands co-founder Yat Siu said he hopes an IPO will bring ‘more attention to Web3’ and Asian markets, with a possible Hong Kong listing
![Animoca Brands is the biggest Web3 company in Hong Kong, with a portfolio of more than 400 start-ups. Photo: Shutterstock](https://cdn.i-scmp.com/sites/default/files/styles/1020x680/public/d8/images/canvas/2024/06/27/2e9db001-0cb5-4d7d-acc4-92f36e60f09e_73b5ce54.jpg?itok=7U8JmH_r&v=1719475497)
“It’s contingent on many factors, but we feel confident that we will go public,” Siu said in a statement to the Post on Thursday. “And if that happens, it’s likely in the second half of 2025.”
Siu is considering listing in Animoca’s home city of Hong Kong or a Middle Eastern market, he told technology news publication The Information, which first reported the initial public offering plans on Wednesday. Dubai has become a hotspot for crypto business.
![Yat Siu, co-founder of Animoca Brands, speaks during a panel session at the Qatar Economic Forum (QEF) in Doha, Qatar, on May 24, 2023. Photo: Bloomberg Yat Siu, co-founder of Animoca Brands, speaks during a panel session at the Qatar Economic Forum (QEF) in Doha, Qatar, on May 24, 2023. Photo: Bloomberg](https://img.i-scmp.com/cdn-cgi/image/fit=contain,width=1024,format=auto/sites/default/files/d8/images/canvas/2024/06/27/07e16388-3fed-455b-aed3-0cdd2eecf5d4_a66cec46.jpg)
However, a possible IPO is still in its early planning stages, and the company has not yet hired an adviser, Siu told the Post.
Returning to the public market – after delisting in Australia in March 2020 amid scrutiny of its cryptocurrency activities – is about “bringing more attention to Web3”, the entrepreneur said.
![](https://assets-v2.i-scmp.com/production/_next/static/media/wheel-on-gray.af4a55f9.gif)