Animoca Brand's $10B Comeback: How the Web3 Giant Plans to Rejoin Public Markets by 2026
Yahoo Finance·2025-11-03 17:02

Core Insights - Animoca Brands is preparing for a potential listing on the Nasdaq stock exchange in 2026 through a strategic reverse merger with Currenc Group [1][2][8] - The reverse merger aims to reintroduce Animoca to public markets after its delisting from the Australian Securities Exchange in 2020 [2][6] - Animoca Brands is currently valued at approximately $9 billion, with the merger potentially increasing this valuation to $10 billion [4][6] Company Details - The proposed reverse merger will involve Currenc acquiring 100% of Animoca's issued shares, resulting in a Nasdaq-listed firm focused on digital asset investments and blockchain applications [4][5] - Post-merger, Animoca Brands shareholders will own 95% of the new entity, while Currenc shareholders will hold about 5% [5][6] - The merger is expected to create a diversified digital assets conglomerate, providing exposure to sectors such as DeFi, AI, and gaming [6][7] Strategic Outlook - Animoca Brands' CEO expressed optimism about the merger, viewing it as a significant milestone towards re-listing [3] - The timing of the merger aligns with favorable regulatory changes for Web3, making it a strategic moment for the company's return to public markets [2][6] - The anticipated launch in 2026 allows for further refinement of the deal between Animoca and Currenc [8]