Animoca Brands Files For Nasdaq Listing

Animoca Brands announced its plans to file for a Nasdaq listing via a reverse merger with Singapore-based Currenc Group. This merger seeks to broaden Animoca's investor base and improve access to digital assets and growth opportunities. Yat Siu, Co-Founder and Executive Chairman of Animoca Brands, expressed enthusiasm about collaborating with Currenc to facilitate the listing. The digital assets advisory unit of Animoca reported a remarkable $165 million in revenue for 2024, representing a 116% increase from the previous year. This revenue growth surpassed the traditional gaming and NFT sector of the company, which saw a decline of 40% to $110 million. Following this news, shares of Currenc surged by 118% in the preceding five days, with the stock expected to open at $3.78 in New York. The merger aims to close in 2026, pending necessary approvals from shareholders and regulators.

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