- Animoca Brands to list on Nasdaq via reverse merger
- Merger deal signed with Singapore-based Currenc Group
- Move aims to boost Animoca’s global growth and visibility
Web3 gaming giant Animoca Brands has officially announced its plans to go public on the Nasdaq stock exchange. Rather than taking the traditional IPO route, the company is pursuing a reverse merger with Currenc Group (CURR), a Singapore-based listed entity.
The decision signals a bold move by Animoca to fast-track its presence in U.S. capital markets. A reverse merger allows a private company to become publicly traded more quickly by merging with an already listed firm. In this case, Animoca will combine with Currenc Group, which is currently listed on the Nasdaq under the ticker symbol CURR.
Boosting Growth and Global Reach
This strategic shift aligns with Animoca’s broader vision to scale its blockchain-based gaming ecosystem and Web3 investments globally. With a strong portfolio that includes titles like The Sandbox and numerous investments in metaverse and NFT startups, Animoca is positioning itself as a key player in the Web3 revolution.
The Nasdaq listing is expected to unlock new capital, enhance global visibility, and attract institutional investors. It also allows Animoca to operate more competitively in both the U.S. and international markets.
What This Means for the Web3 Space
This move could pave the way for more Web3 and crypto-native companies to enter traditional financial markets. Animoca’s Nasdaq listing through Currenc Group shows that even in a volatile market , investor interest in Web3 innovation remains strong.
As details of the merger unfold and regulatory steps are completed, the industry will be watching closely to see how this decision impacts Animoca’s valuation and future growth.
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