Animoca Brands President responds to "Listing in the U.S.": The investment atmosphere for digital assets in the U.S. is stronger, and hopes to conduct a secondary listing in Hong Kong if feasible.
According to a report by Hong Kong media Ming Pao on November 4, Yat Siu, the president of Hong Kong Web3 unicorn Animoca Brands, responded to the “going public in the US” statement, saying that the choice of the US market is due to the stronger investment atmosphere in digital assets and a better environment in the Capital Market.
Yat Siu explained that the regulations for the Web3 industry in the U.S. have been relaxed this year, and Web3 companies like Circle (CRCL) have successfully gone public in the U.S. and received a positive market response, with a relatively mature group of Web3 investors already present locally. Although they chose to go public in the U.S. first, Yat Siu emphasized that as a Hong Kong-based company, they hope to conduct a secondary listing in Hong Kong when feasible after successfully listing in the U.S. He also stated that the company “will absolutely not” relocate its headquarters to the U.S. and plans to develop in the Middle East and open an office in New York in the future.
According to previous news, Animoca Brands will go public by “reverse merging” with the Nasdaq-listed company Currenc Group (CURR).
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Animoca Brands President responds to "Listing in the U.S.": The investment atmosphere for digital assets in the U.S. is stronger, and hopes to conduct a secondary listing in Hong Kong if feasible.
According to a report by Hong Kong media Ming Pao on November 4, Yat Siu, the president of Hong Kong Web3 unicorn Animoca Brands, responded to the “going public in the US” statement, saying that the choice of the US market is due to the stronger investment atmosphere in digital assets and a better environment in the Capital Market.
Yat Siu explained that the regulations for the Web3 industry in the U.S. have been relaxed this year, and Web3 companies like Circle (CRCL) have successfully gone public in the U.S. and received a positive market response, with a relatively mature group of Web3 investors already present locally. Although they chose to go public in the U.S. first, Yat Siu emphasized that as a Hong Kong-based company, they hope to conduct a secondary listing in Hong Kong when feasible after successfully listing in the U.S. He also stated that the company “will absolutely not” relocate its headquarters to the U.S. and plans to develop in the Middle East and open an office in New York in the future.
According to previous news, Animoca Brands will go public by “reverse merging” with the Nasdaq-listed company Currenc Group (CURR).