On September 18, Animoca Brands co-founder Yat Siu said that Hong Kong, China is a "strong contender" for a potential listing of crypto venture capital and blockchain game developer Animoca Brands Corp. Siu said in an interview at a conference in Singapore that this is partly because the company is headquartered in Singapore, where digital asset-related activities have expanded as officials seek to develop a crypto center. But he said on Wednesday that any IPO plan may take "a few years to really take shape" and the current focus is on building the business. Siu told the South China Morning Post last month that Animoca shares are valued at between US$1.5 billion and US$3 billion in the secondary market. In comparison, the company was valued at US$5.9 billion in a round of financing in 2022. Siu added that the company is not seeking to raise new funds.