Digital rights business and ASX outcast Animoca Brands has secured a whopping $US5 billion valuation in a funding round involving some Wall Street heavyweights and strategic investors.
Animoca, a $120 million ASX-listed tiddler less than two years ago and which still has a bunch of Australian shareholders, has ruled off a $US358.9 million ($500 million) private raising at a $US5 billion valuation, winning the support of some potentially influential new investors.
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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
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
