"September 18th news, Yat Siu, co-founder of Animoca Brands, stated that Hong Kong is a "strong contender" for a potential listing of the 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 and activity related to digital assets has expanded as officials seek to develop a crypto hub. However, he said on Wednesday that any IPO plans 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 between $1.5 billion and $3 billion in the secondary market. In contrast, the company was valued at $5.9 billion in a funding round in 2022. Siu added that the company is not seeking to raise new funds."