According to TechFlow, Yat Siu, co-founder of Web3 giant Animoca Brands, said that Hong Kong is positioning itself as a potential listing location for the company. Siu pointed out that as local officials work to make Hong Kong a global cryptocurrency center, Hong Kong-based Animoca Brands is observing an increase in digital asset activities.
While Siu acknowledged that the IPO plans may take several years to be finalized, he stressed that the company is currently focused on improving its business operations.
Animoca Brands shares currently trade on the secondary market with valuations fluctuating between $1.5 billion and $3 billion.
