Gaming software firm Animoca Brands is considering a listing in Hong Kong or the Middle East as early as 2025 while AA Mission Acquisition, an Asia-focused SPAC firm, has filed to raise $300 million in an initial public offering.
Animoca Brands eyes 2025 IPO
Hong Kong-headquartered gaming software firm and Web3 investment powerhouse Animoca Brands is considering listing in Hong Kong or the Middle East as early as 2025, co-founder and executive chair Yat Siu told The Information on Wednesday.
Siu told the news outlet that the firm is in talks with investment banks for the listing, but it has not hired an adviser yet. The listing plans as well as the listing destination have not yet finalised, per the report.
Alongside the potential listing plan, the Web3 investment firm, which is headquartered in Hong Kong, is considering redomicile from Australia to another jurisdiction.
The listing plan comes over four years after the firm delisted from the Australian Securities Exchange (ASX) in March 2020.
AA Mission Acquisition files for IPO on Wall Street
AA Mission Acquisition, an Asia-focused special purpose acquisition company (SPAC), has filed to raise $300 million in an initial public offering on the New York Stock Exchange (NYSE) on Wednesday.
The Woodlands, Texas-based blank cheque firm said it is offering 30 million units at $10 apiece. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, according to a regulatory filing to the US Securities and Exchange Commission (SEC).
Although the firm did not specify the industry or geographic region, it targets Asian businesses particularly those in the Greater China market with an enterprise value between $500 million and $3 billion.
Qing Sun, who currently serves as the chairman of Guizhou JS Investment and the president of the Hainan Economic Research Institute, will head the firm as the CEO and chairman of the board of directors.