TechFlow news, November 4 — According to Hong Kong media Ming Pao, Yat Siu, President of Hong Kong-based Web3 unicorn Animoca Brands, responded to reports of the company's "listing in the US," stating that the US market was chosen due to its stronger investment sentiment toward digital assets and a more favorable capital market environment.
Yat Siu explained that the US has relaxed regulations for the Web3 industry this year, with Web3 companies such as Circle (CRCL) successfully listing and receiving positive market responses, and a relatively mature Web3 investor base already exists there. While prioritizing a US listing, Yat Siu emphasized that as a Hong Kong-based company, they hope to pursue a secondary listing in Hong Kong once feasible after a successful US listing. He also stated the company will "definitely not" relocate its headquarters to the US, and plans to expand into the Middle East and open an office in New York.
Earlier reports indicated that Animoca Brands will go public by merging with Nasdaq-listed Currenc Group (CURR).
