Animoca Brands, a major Web3 investment firm based in Hong Kong, with a previous valuation of close to $6 billion, is gearing up for a public listing in New York. This decision indicates a shift from earlier plans to list in Hong Kong or the Middle East, which may now be put on hold.

In an interview with the Financial Times, Yat Siu, co-founder and executive chair of Animoca Brands, shared that the company is expediting its plans for an IPO in the United States. Siu mentioned that the favorable regulatory environment for digital assets under the Trump administration has influenced their decision to pursue a listing in the US, emphasizing the significance of this opportunity in the world's largest capital market.

Animoca Brands is considering different ownership structures for the listing, with Siu expressing that market conditions would not be a determining factor. The company's move to target New York diverges from its earlier strategy of considering public offerings in other regions by early 2025.

Following challenges with public markets and a delisting from the Australian Stock Exchange in 2020, Animoca Brands has transformed into a prominent investor in the Web3 sector, holding stakes in numerous companies. The company's financial performance has been robust, with substantial growth in revenue and earnings. Its upcoming IPO in New York signifies a milestone in its evolution and highlights the shifting regulatory landscape impacting Web3 innovation globally.