Animoca Brands, a leading blockchain gaming company based in Hong Kong, announced its plan for a potential listing in New York, as revealed by executive chairman Yat Siu on [specific date].
The move is driven by a favorable U.S. regulatory environment, aiming to leverage strategic opportunities. Market responses are anticipated due to the company’s past private valuation of nearly $6 billion.
Animoca Brands Eyes Strategic New York Listing
Animoca Brands, a blockchain gaming firm, is eyeing a New York listing. This reflects CEO Yat Siu’s confidence in the U.S. market, given recent regulatory changes under the current administration.
Yat Siu highlighted the consideration of various shareholding structures, underscoring that the timing, rather than market conditions, will dictate the listing. Animoca’s strategic move signifies a shift in global positioning.
The decision to list would not be dependent on market conditions but rather on timing and strategic positioning.
– Yat Siu, Executive Chair, Animoca Brands U.S. Listing Seen Boosting Animoca’s Market Profile
Market analysts speculate the U.S. listing could enhance Animoca’s standing and attract more investors. This contrasts sharply with its 2020 delisting from the Australian exchange due to governance issues.
The favorable U.S. regulatory climate could lead to increased investments in the crypto sector, as evidenced by Surging Bitcoin prices. Positive market sentiment is expected, echoing the administration’s crypto support.
Pivotal Year: From 2020 Delisting to U.S. Ambitions
Animoca’s delisting in 2020, due to governance concerns, contrasts with its current expansion ambitions. Concurrent advancements under the Trump administration have attracted firms like Deribit to expand U.S. operations.
Kanalcoin experts foresee potential success for Animoca, emphasizing strong digital asset holdings exceeding $538 million. With over $300 million in cash and stablecoins, Animoca’s financial position appears robust.
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