Preparations Underway for $6 Billion Sale of Animoca Brands in the United States
Going Public in the U.S.: Animoca Brands' Big Move
Groundbreaking news comes from Hong Kong-based crypto investment firm Animoca Brands, who are eyeing a public listing in New York. This bold move is a direct result of the crypto-friendly policies implemented by the Trump administration.
Yat Siu, the company's Board Chairman, considers this venture a "once-in-a-lifetime opportunity." He credits the Trump administration's lenient stance towards the crypto sector for making the U.S. an attractive hub for digital asset and Web3 companies.
In contrast, the Biden era has seen increased pressure on the crypto industry, pushing many companies overseas. However, the Trump administration's decision to withdraw some lawsuits has sent a positive message to crypto entrepreneurs.
Despite initially considering a U.S. IPO a year ago, Siu now believes that missing out on this chance would be a significant oversight. Other big names, such as Deribit and Kraken, are also considering entering the U.S. market during the Trump era.
Emphasis on the Crypto Gaming Sector
Animoca Brands parted ways with the Australian Securities Exchange (ASX) in 2020, causing a stir with investors. However, the company has since embarked on a restructuring journey with a growth-focused strategy in the digital asset space.
What sets Animoca apart is its investments in projects like OpenSea, Kraken, and Consensys. The company's investment portfolio spans Web3 projects, decentralized applications (dApps), and crypto games.
Animoca's focus is now firmly on blockchain-based games, expecting an increase in in-game purchases and crypto-based payments, a trend already observed in games like GTA 6.
Financial Snapshot and IPO Plans
Animoca's 2023 revenue hit $314 million, with a pre-tax profit (EBITDA) of $97 million – a significant jump from $34 million in 2022. The company's overall cash and stable crypto assets are approximately $300 million, with digital assets valued at around $538 million.
Yat Siu proudly declares Animoca as the "world's largest financial non-crypto firm." The planned IPO aim is to further solidify this position.
** Capitalize on the $600 Bonus from Binance (Exclusive for our readers):Sign up using this link to cash in on an exclusive $600 bonus from Binance.寸句**：Animoca Brands计划在纽约上市。这一行动是因为特朗普行政entiement’s crypto-friendly policies促成的。该公司董事长兼执行董事 Yat Siu 将这一决定描述为“一刺 That’s one for the history books。”他认为特朗普行政的宽容态度对于加密货币区块链公司有利，使美国成为了They consider the Trump administration’s lenient attitude towards the crypto industry and its policies as a factor that makes the U.S. an attractive market for digital asset and Web3 businesses, leading to Animoca's expansion into the U.S. market While the Biden administration has been putting pressure on the crypto sector, driving several companies to shift their operations outside the U.S., the Trump administration’s decision to withdraw some cases against major crypto firms has signaled its support for the industry,encouraging Animoca to seize this opportunity to tap into the U.S. capital market. In addition, some other major companies like Deribit and Kraken are also considering entering the U.S. market during the Trump era.
Focus on the Crypto Gaming Sector
Since parting ways with the Australian Securities Exchange (ASX) in 2020, Animoca Brands has been on a restructuring journey with a focus on growth in the digital asset space. The company’s strategy revolves around its significant portfolio of investments in major blockchain companies such as OpenSea, Kraken, and Consensys. Animoca's unique investment focus includes Web3 projects, decentralized applications (dApps), and crypto games.
The company recently decided to boost its investments in blockchain-based games, expecting to see an increase in in-game purchases and crypto-based payments in games like GTA 6.
Financial Performance and IPO Plans
In 2023, Animoca Brands’ revenue reached $314 million, with a pre-tax profit (EBITDA) of $97 million, a significant jump from $34 million in 2022. The company has a total cash and stable crypto assets of around $300 million, with digital assets valued at approximately $538 million. Yat Siu proudly announced that Animoca Brands is the “world’s largest financial non-crypto firm.” The planned IPO aims to further strengthen this position,capitalizing on the supportive U.S. regulatory environment for digital asset companies.
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Animoca Brands, driven by the crypto-friendly policies of the Trump administration, is planning an IPO in New York, considering it a "once-in-a-lifetime opportunity." The company's strategy includes a focus on the crypto gaming sector, investing in blockchain-based games, and capitalizing on the growth in in-game purchases and crypto-based payments.
Yat Siu, the company's Board Chairman, announced that Animoca Brands is the "world's largest financial non-crypto firm," and the planned IPO aims to further strengthen their position in the digital asset market, capitalizing on the supportive U.S. regulatory environment. Sign up with Binance using this exclusive link to grab a limited-time offer of $600 bonus (Exclusive for our readers).
