Animoca Brands plans a US listing to expand its blockchain business in a more relaxed regulatory environment.
Trump era crypto rules encourage Animoca to move forward with its public offering in the United States.
Strong revenue growth and major investments support Animoca’s decision to go public in the US market.
Animoca Brands plans to list publicly in the United States. The company sees this move as strategic due to changing regulations. Under former President Trump, crypto rules have become less strict. Animoca now views the U.S. as a critical growth market.
https://twitter.com/WuBlockchain/status/1922142762738319462
The company, based in Hong Kong, had previously avoided the U.S. market. Stricter policies under the Biden administration made the environment less favorable. Now, with a more relaxed stance from Trump, the situation has shifted. Animoca is re-evaluating its share structure to support the listing.
Strong Financials Back the Decision
The company’s 2023 revenue reached $314 million. Its EBITDA stood at $97 million. These figures reflect its growing strength in the digital assets space. Animoca’s valuation in 2022 exceeded $6 billion. This valuation came after major investments and portfolio growth.
Animoca has backed over 540 firms. These include major players like OpenSea, Kraken, and ConsenSys. The company’s investment approach has focused on blockchain and Web3 sectors. These moves position Animoca for a promising public offering.
Crypto Climate in the U.S. Favors Expansion
Trump’s regulatory approach has boosted confidence among crypto firms. During Biden’s term, firms faced increased enforcement. This led many to avoid or exit the U.S. market. However, the shift in policy has reversed that trend.
More firms now see the U.S. as a viable base for operations. Exchanges like Deribit have moved in to capitalize on the new climate. Animoca joins this group, targeting New York for its IPO.
IPO Marks a Shift in Strategy
For Animoca, listing is not just about raising capital. It signals readiness for public accountability. It also demonstrates confidence in the regulating environment. The company is looking to enhance its footing in the blockchain investment arena.
This is in line with a bigger trend. Other crypto firms such as Circle, Ripple, and Kraken are also considering IPOs. These steps demonstrate an increased desire for funding from public bodies by blockchain companies. These actions reflect a growing appetite for public funding among blockchain companies.
U.S. Emerges as Global Crypto Hub
Relaxed rules under Trump have made the U.S. more attractive. The government now promotes digital asset development. As a result, the country is fast becoming a global leader in crypto markets.
Animoca’s IPO plans highlight this shift. The company wants to tap into the world’s largest capital market. With strong financials and a broad portfolio, it stands as a strong candidate for a U.S. listing.
