Stripped of its ASX listing in March 2020 over governance issues, digital property rights company Animoca Brands has just ruled off a US$65 million ($87 million) raising at a pre-money valuation of US$2.2 billion ($2.9 billion).
That valuation is more than double the $US1 billion ($1.3 billion) that Animoca fetched during a raise just four months ago, and is also a far cry from its $120 million market cap in March 2020 when the ASX kicked it out of its the local bourse.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
