Animoca co-founder Yat Siu told The Block that Animoca is weighing the possibility of re-entering the public markets, and the company is considering an IPO in Hong Kong or the Middle East in late 2025 or early 2026 after delisting from the Australian Stock Exchange in 2020. Although Siu said the company has not yet selected advisors for a potential IPO, Animoca plans to conduct a non-deal roadshow in September as preparation. Animoca said in an April disclosure that its "financial position remains strong" with $291 million in cash and stablecoin reserves. Siu also said the company has invested in about 540 Web3 projects to date.