Animoca Brands IPO

Animoca Brands, a Hong Kong based company, was founded in 2014 by Yat Siu. From 2015 to 2020 the company was listed on the Australian Stock Exchange and now operates there as what Siu calls "an unlisted public company." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO in the United States.

In the company's words, "Animoca Brands leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products." Animoca Brands has made 16 acquisitions since its founding, ranging from game studios such as Grease Monkey Games and Blowfish Studios to NFT solution provider Bondly. The company has received over $600 million in funding from investors such as Stable Asset Management, Provident Capital, Kingsway Capital, 10T Holdings, and Delta Blockchain Fund. A recent funding round brought in approximately $360 million, resulting in a post-money valuation of $5 billion, more than doubling a valuation from only months before.