Animoca Brands, a Web3 giant known for its investments in non-fungible tokens (NFTs) and crypto gaming companies, is gearing up to go public in 2025. The Information reported on Wednesday that the company is considering a listing in either Hong Kong or the Middle East for its potential initial public offering (IPO).

Co-founder of Animoca Brands, Yat Siu, mentioned that the company has been in discussions with investment banks regarding the IPO but has not yet appointed an advisor. The final decision on the location for the IPO is still pending.

During its last fundraising round in 2022, Animoca Brands was valued at an impressive $5.9 billion, showcasing the market’s confidence in the company’s growth and potential.

Going public would not only provide Animoca Brands with additional capital for further expansion and acquisitions but also offer investors the opportunity to participate in the company’s success and growth in the Web3 space.

The move to go public aligns with the ongoing trend of tech companies, especially those involved in blockchain, NFTs, and gaming, seeking to tap into the public markets to fuel their growth and increase their visibility among investors and stakeholders.

As the Web3 ecosystem continues to evolve and gain mainstream acceptance, Animoca Brands’ decision to pursue a public listing in 2025 reflects its strategic vision to capitalize on the growing interest and opportunities in the digital asset and blockchain space.