Wed Sep 18 03:41:10 UTC 2024: ## Animoca Brands’ IPO Hinges on Market Conditions

**Singapore -** Web3 giant Animoca Brands is eyeing a public listing, but the company’s chairman Yat Siu has revealed the timeline remains uncertain, largely dependent on market conditions. In an interview with CoinDesk on Monday, Siu emphasized that the final decision will be influenced by a number of factors, including the overall market sentiment.

This news comes as Animoca Brands continues to build its presence in the Web3 space, accumulating a diverse portfolio of investments and ventures. The company’s ambitions to go public highlight the growing appetite for blockchain-related businesses and their potential to tap into traditional capital markets.

However, the current market volatility and uncertainties surrounding the crypto industry are clearly a concern for Animoca Brands. The decision to move forward with an IPO will likely be made when the market offers a favorable environment and the right time for the company to capitalize on its strong position in the burgeoning Web3 sector.

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